The Township of Thomasvilles General Fund has the following net resources at year end: ...
80.2K
Verified Solution
Link Copied!
Question
Accounting
The Township of Thomasvilles General Fund has the following net resources at year end:
- $69,000 of prepaid insurance
- $410,000 rainy day fund approved by the township governing board with specific conditions for its use
- $1,800 of supplies inventory
- $60,000 state grant for snow removal
- $150,000 contractual obligations for the purchase of equipment
- Outstanding encumbrance of $105,000 for the purchase of furniture & fixtures (assume no contractual obligation)
- Total Fund Balance is $1,010,500
What would be the total Nonspendable fund balance?
Multiple Choice
A $70,800
B $69,000
C $410,500
D $150,000
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.