(Solved by Humans)-Problem 17-9 (LO 3) Statement of activities. From the following information, prepare a statement...
Paper Details
Problem 17-9 (LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June 30, 20X9. Expenses: General government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $1,300,000 Public safety. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 240,000 Public works. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,000,000 Health and sanitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 650,000 Culture and recreation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 450,000 Interest on long-term debt, governmental type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 60,000 Water and sewer system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,500,000 Parking system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 45,000 Revenues: Charges for services, general government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100,000 Charges for services, public safety . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25,000 Operating grant, public safety. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 70,000 Charges for services, health and sanitation. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 250,000 Operating grant, health and sanitation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 150,000 Charges for services, culture and recreation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 200,000 Charges for services, water and sewer . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,800,000 Charges for services, parking system . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 40,000 Property taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000 Sales taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,000,000 Investment earnings, business-type . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30,000 Special item—gain on sale of unused land, governmental type . . . . . . . . . . . . . . . . . . . . . 140,000 Transfer from governmental activities to business-type activities . . . . . . . . . . . . . . . . . . . . . 70,000 Net assets, July 1, 20X8, governmental activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,400,000 Net assets, July 1, 20X8, business-type activities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2,500,000
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This question was answered on: 10 May, 2025
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