A government has the following liabilities at the end of the year:
General obligation bonds $1,500,000
Compensated absences 120,000
Salaries payable 40,000
What amount of liabilities should be reported in the governmental activities column of the
government-wide statement of net position?
A. $40,000
B. $160,000
C. $1,540,000
D. $1,660,000
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “A government has the following liabilities at the end of the year: General obligation bonds $1,500,000 Compensated absences 120,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » A government has the following liabilities at the end of the year: General obligation bonds $1,500,000 Compensated absences 120,000 Salaries payable 40,000 What amount of liabilities should be reported in the governmental activities column of the