Boa City had the following fixed assets: Fixed Assets used in proprietary fund a
ID: 2594496 • Letter: B
Question
Boa City had the following fixed assets:
Fixed Assets used in proprietary fund activities ................................................... $1,000,000
Fixed Assets used in general government activities ................................................9,000,000
Fixed Assets used in fiduciary fund activities ........................................................ 8,000,000
What consolidated amount should Boa report in its government-wide statement of net position?
$9,000,000
$10,000,000
$18,000,000
$17,000,000
Explanation / Answer
All the fixe assets used for above three activties are reported in Net positions of Governmental or Non-Profit Organistaions.
So the answer is $ 18,000,000 /-