subject
Business, 24.04.2020 23:54 tashakelly42

During 2017, the Town of Falmouth had a number of transactions that affected net position of its town skating rink, which is operated as an enterprise fund. You are provided with the following information for 2017: 1. The beginning net position balances are: net investment in capital assets, $681,000; restricted, $0; and unrestricted, $1,357,084. 2. Net income for the year was $163,047. 3. Depreciation expense totaled $54,096. 4. A piece of equipment with a carrying value of $26,900 was sold for $25,800. 5. Bonds for $500,000 were issued to construct a concession stand at the rink. At the end of the year, the concession stand was 50 percent complete, and construction work in progress totaled $248,476. 6. A $15,028 principal payment was made on a capital lease. 7. A new Zamboni ice resurfacing machine was purchased for $330,000. At the end of the year, a $30,800 note associated with the machine remains outstanding. Required Prepare the net position section of Falmouth’s 2017 statement of net position.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:30
Asavings account that pays interest every 3 months is said to have a interest period
Answers: 1
question
Business, 21.06.2019 22:30
Jade international is a highly diversified global firm with headquarters in new jersey. it manufactures a variety of products ranging from home security systems to automotive components. jade's 100,000 employees work at facilities located in more than 60 countries around the world. jade frequently sends american managers overseas to manage the firm's foreign facilities. the hr department is considering the idea of redesigning jade's expatriate support services program.which of the following, if true, best supports jade's decision to provide assistance to trailing spouses in finding jobs overseas? a) jade puts great emphasis on promoting the role of women in global management.b) the majority of jade's expatriate managers have long-term international experience.c) jade has lost a significant chunk of its global cadre in the recent past owing to its failure to offer feasible options to address the dual-career couples dilemma.d) female managers at jade have reported discriminatory treatment while on overseas assignments.
Answers: 1
question
Business, 22.06.2019 09:30
What is the relationship among market segmentation, target markts, and consumer profiles?
Answers: 2
question
Business, 22.06.2019 10:30
How are interest rates calculated by financial institutions? financial institutions generally calculate interest as (1) interest or (.
Answers: 1
You know the right answer?
During 2017, the Town of Falmouth had a number of transactions that affected net position of its tow...
Questions
question
English, 30.05.2020 22:00
question
Mathematics, 30.05.2020 22:00
question
Mathematics, 30.05.2020 22:00
Questions on the website: 13722367