6. City of Whitewater reported a $9,000 increase in the employee pension fund, a $12,000 increase in net position in the motor pool internal service fund, and a $7,000 increase in net position in the water enterprise fund. The motor pool internal service fund provides service primarily to the fire department. What amount should the city report as the change in net position for business-type activities in its statement of activities? O $28,000 O $7,000 O $21,000 O $16,000 O $9,000 O $12,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
Question

Domestic 

6. City of Whitewater reported a $9,000 increase in the employee pension fund,
a $12,000 increase in net position in the motor pool internal service fund, and a
$7,000 increase in net position in the water enterprise fund. The motor pool
internal service fund provides service primarily to the fire department. What
amount should the city report as the change in net position for business-type
activities in its statement of activities?
O $28,000
$7,000
O $21,000
O $16,000
O $9,000
$12,000
Transcribed Image Text:6. City of Whitewater reported a $9,000 increase in the employee pension fund, a $12,000 increase in net position in the motor pool internal service fund, and a $7,000 increase in net position in the water enterprise fund. The motor pool internal service fund provides service primarily to the fire department. What amount should the city report as the change in net position for business-type activities in its statement of activities? O $28,000 $7,000 O $21,000 O $16,000 O $9,000 $12,000
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Knowledge Booster
Federal financial accounting and reporting
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education