CPA · Question 46 · Area III: State & Local Governments
A city's General Fund reports a Net Change in Fund Balance of $500,000. <br/>- Capital Outlay (purchase of vehicles): $100,000<br/>- Depreciation Expense (if full accrual): $20,000<br/>- Proceeds from Long-Term Debt: $200,000<br/>- Principal Payments on Debt: $50,000<br/><br/>What is the Change in Net Position for Governmental Activities in the Government-Wide Statement of Activities?
Answer options:
$530,000
$430,000
$630,000
$330,000
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