Agovernment's assets include inventory of $2 million, roads constructed for $25 million with accumulated depreciation of $10 million, and equipment acquired for $5 million with accumulated depreciation of $1 million. its liabilities include an outstanding balance of $5 million for bonds payable issued to construct the roads and a $1 million short-term loan for inventory purchases. what amount should be reported as the net investment in capital assets in the government-wide statement of net position?
$10 million
$26 million
$14 million
$25 million
Answers: 2
Other questions on the subject: Business
Business, 21.06.2019 15:20, ed72018373
What is one of the best ways to determine what kind of business you'll enjoy
Answers: 1
Business, 23.06.2019 01:50, maddie7417
You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
Answers: 3
Business, 23.06.2019 02:10, yaniravivas79
Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.
Answers: 2
Business, 23.06.2019 02:20, jadenmenlovep7s7uj
You park your car on sixth street and walk over to the quad for lunch. while crossing wright street, you are hit by a bicyclist and knocked to the ground. you hit your head so hard you are knocked out. when you wake up, the person who hit you is gone. you incur $45,000 in medical bills. the person who hit you would be liable for $150,000 in damages if you could find them. your policy will pay:
Answers: 1
Do you know the correct answer?
Agovernment's assets include inventory of $2 million, roads constructed for $25 million with accumul...
Questions in other subjects:
Chemistry, 27.07.2019 22:20
English, 27.07.2019 22:20
Mathematics, 27.07.2019 22:20
