The Following Information Is Available for the Preparation of the Government-Wide
Question 50
Question 50
Essay
The following information is available for the preparation of the government-wide financial statements for the Village of Warm Springs for the year ended June 30, 2009:
Expenses: General government Public safety Public works Health and sanitation Culture and recreation Water and sewer system Parking system Revenues: Charges for services, general government Charges for services, public safety Operating grant, public safety Charges for services, health and sanitation Operating grant, health and sanitation Charges for services, culture and recreation Charges for services, water and sewer Charges for services, parking system Property taxes Sales taxes Other: Special item - gain on sale of park land Transfer from business-type activities to governmental Net assets, July 1, 2008 - governmental activities Net assets, July 1, 2008 - business-type activities $21,200,00018,800,00012,300,0006,300,0004,200,0008,100,000420,0001,200,000300,000670,0003,000,0001,110,0002,200,00011,900,000802,00027,300,00025,400,0001,210,000300,00013,210,00014,666,000
Required: From the information given above, prepare, in good form, a Statement of Activities for the Village of Warm Springs for the Year Ended June 30, 2009.
Correct Answer:
Verified
VIL.LAGE OF WARM SPRINGS STATEMENT OF AC...
View Answer
Unlock this answer now Get Access to more Verified Answers free of charge