Here is information on a town government's governmental funds at the end of the current year: Fund balances, governmental funds Accumulated depreciation, capital assets Principal of long-term debt Noncurrent accrued compensated absences Capital assets, at cost Net pension and OPEB obligation $14,000,000 22,000,000 Select one: O a. $(20,000,000) O b. $(16,000,000) O c. $32,000,000 O d. $2,000,000 45,000,000 2,000,000 65,000,000 30,000,000 The net position of governmental activities at the end of the current year is:

Here is information on a town government's governmental funds at the end of the current year: Fund balances, governmental funds Accumulated depreciation, capital assets Principal of long-term debt Noncurrent accrued compensated absences Capital assets, at cost Net pension and OPEB obligation $14,000,000 22,000,000 Select one: O a. $(20,000,000) O b. $(16,000,000) O c. $32,000,000 O d. $2,000,000 45,000,000 2,000,000 65,000,000 30,000,000 The net position of governmental activities at the end of the current year is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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