subject
Business, 12.08.2020 05:01 antoinewill05

Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a special-purpose entity engaged in a single governmental activity. WARRENTON LIBRARY DISTRICT
Governmental Funds Balance Sheet
As of December 31, 2017
General Fund Special Revenue Fund Total
Assets
Cash and cash equivalents $ 125,000 $ 12,000 $ 137,000
Inventories 6,000 6,000
Receivables (net)
Taxes receivable 95,000 95,000
Due from general fund 7,500 7,500
Total assets $ 226,000 $ 19,500 $ 245,500
Liabilities
Accounts payable 85,000 3,500 88,500
Due to special revenue fund 7,500 7,500
Total liabilities 92,500 3,500 96,000
Fund balance
Nonspendable (inventories) 6,000 6,000
Restricted for other purposes 16,000 16,000
Unassigned 127,500 127,500
Total fund balance 133,500 16,000 149,500
Total liabilities and fund balance $ 226,000 $ 19,500 $ 245,500
Additional information:
Capital assets (net of accumulated depreciation) amounted to $325,000 at year-end.
The liability for long-term compensated absences is estimated to be $85,000 at year-end.
Long-term notes payable amounted to $222,000 at year-end.
Prepare a combined Governmental Funds Balance Sheet/Statement of Net Position. (Amounts to be deducted should be indicated by a minus sign.)

ansver
Answers: 1

Another question on Business

question
Business, 23.06.2019 02:20
The director of the federal trade commission (ftc) bureau of consumer protection warned that the agency would bring enforcement action against small businesses that select one: a. failed to inform the public about network failures in a timely manner b. failed to transmit sensitive data c. did not report security breaches to law enforcement d. lacked adequate policies and procedures to protect consumer data.
Answers: 2
question
Business, 23.06.2019 06:00
Part two of threewhich accurately describes a cause for inflation? the federal reserve requires banks to keep more money on reserve. the federal reserve raises interest rates and slows economic activity. the government places too much money into circulation. the government places too little money into circulation. what are consequences of rapid inflation? (select all that apply.) savings accounts become less desirable because interest earned is lower than inflation individual purchasing power increases, which results in an increase in demand. individual purchasing power decreases, which results in a decrease in demand. people postpone purchasing expensive items, such as homes, until prices drop.how does the federal reserve stabilize and safeguard the nation’s economy? (select all that apply.) it distributes currency and oversees fiscal conditions. it implements american monetary policy. it regulates banks and defends consumer credit rights. it regulates and oversees the nasdaq stock exchange. what are functions of the federal reserve? (select all that apply.) it offers financial services within the government. it creates us coins. it prints us dollars. it enters us currency into circulation.how does the federal reserve bank fit into the balance of power among the three branches of the federal government established by the constitution? the chair of the federal reserve is appointed by the president and approved by the senate. the chair of the federal reserve is elected by popular vote. the chair of the federal reserve is appointed by congress and approved by the supreme court. the chair of the federal reserve is appointed in a secret meeting.who appoints the board of governors of the federal reserve system? the us president the us supreme court the us house of representatives the us senatewhy is federal oversight crucial to the operation of the federal reserve bank? the federal reserve is the nation’s central banking system. the federal reserve controls the nomination of legislators to committees. the federal reserve funds mandatory government expenditures. the federal reserve sets rules and regulations for the new york stock exchange.what is the government accountability office (gao)? an independent agency that answers to congress and audits the federal reserve an internal review agency of the federal reserve used to promote its mission a government agency that answers to congress and audits the united states mint a private agency that advises the dent about fiscal policyhow does the law of comparable advantage lead to international trade? countries that do not engage in trade are in a stronger position economically than countries that do trade. countries that cannot produce products efficiently have to trade for the goods and services that other countries have. countries that have more resources are able to trade for a wider variety of items that can be offered for sale. countries make products they can produce efficiently and are able to get the rest of what they need through trade.when might a country produce a product even though it cannot do so efficiently? (select all that apply.) to ensure national security to minimize the sale of exports to ensure a trade deficit to increase the balance of trade
Answers: 3
question
Business, 23.06.2019 23:10
You want to buy a new ski boat 2 years from now, and you plan to save $6,400 per year, beginning one year from today. you will deposit your savings in an account that pays 6.2% interest. how much will you have just after you make the 2nd deposit, 2 years from now?
Answers: 2
question
Business, 24.06.2019 02:30
When you separate business and organizational issues from project management planning, you do a better job of ensuring project success?
Answers: 1
You know the right answer?
Presented below is the Governmental Funds Balance Sheet for the Warrenton Library District, a specia...
Questions
question
Chemistry, 30.11.2020 21:20
question
Mathematics, 30.11.2020 21:20
Questions on the website: 13722362