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Mr. Gregory White
Mr. Gregory White, Master's Degree
Category: Single Problem
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Experience:  M.A., M.S. Education / Educational Administration
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SCENARIO 1 During 2015, the Town issued bonds of $13.000.000 During

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SCENARIO 1
During 2015, the Town issued bonds of $13.000.000
During 2015, the Town made principal payments on the bonds which totaled 1.000.000
What would be the impact on the government wide financial statement change in NET POSITION as compared to the fund financial statements of these transactions. Please identify the impact by use of positive or negative sign to indicated increase or decrease.
Bonds issued _____________
Principal payments ____________
The Town has purchased 2 police cars and 4 computers during fiscal year 2015. The total amount of the purchases are $170.000
Depreciation expense for the year 40.000
What would be the impact on the government wide financial statement change in NET POSITION as compared to the fund financial statements of these transactions. Please identify the impact by use of positive or negative sign to indicated increase or decrease.
Purchase of capital assets ____________
Depreciation expense ____________
Submitted: 1 year ago.
Category: Single Problem
Expert:  Mr. Gregory White replied 1 year ago.
Hello, my name is ***** ***** __+13,000.000Principal Payments -1,000,000 Purchase of capital assets +170,000Depreciation expense -40,000

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