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The Town of Portsmouth Has at the Beginning of the Year

Question 7

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The Town of Portsmouth has at the beginning of the year a $213,000 Net Position balance, and a $52,000 Fund Balance.
The following information relates to the activities within the Town of Portsmouth for the year of 2018.
The Town of Portsmouth has at the beginning of the year a $213,000 Net Position balance, and a $52,000 Fund Balance. The following information relates to the activities within the Town of Portsmouth for the year of 2018. -Prepare a Statement of Net Position at December 31, 2018.
-Prepare a Statement of Net Position at December 31, 2018.

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