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ACC -Cowboys Town

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Question;Consider the following information for Cowboys Town for the year ended December 31, 2015.Expenses ? parking garage (enterprise fund)$ 1,200,000Expenses ? general government52,000,000Expenses ? public safety36,000,000Expenses ? health and sanitation15,000,000General property taxes62,000,000Unrestricted grants and contributions6,000,000Interest on general long-term debt420,000Charges for general government services20,000,000Charges for parking services1,300,000Charges for public safety services2,500,000Charges for health services8,100,000State grants for public safety4,000,000Gain on sale of general capital assets200,000Investment income ? governmental activities210,000Net assets, 1/1/2015 ? governmental activities120,000,000Net assets, 1/1/2015 ? business-type activities40,000,000REQUIRED:Prepare, in appropriate format, the government-wide statement of activities for Cowboy Town for the year 2015.

 

Paper#42319 | Written in 18-Jul-2015

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