Riviera Township Reported the Following Data for Its Governmental Activities

question 31

Multiple Choice

Riviera Township reported the following data for its governmental activities for the year ended June 30,20X9:
Additional information available is as follows:
All of the long-term debt was used to acquire capital assets.Cash of $475,000 is restricted for debt service.
-Based on the preceding information,on the statement of net assets prepared at June 30,20X9,what amount should be reported for net assets invested in capital assets,net of related debt?

• A)$4,200,000
• B)$2,900,000
• C)$2,825,000
• D)$3,300,000

---

Definitions:

World Poverty

The condition of lacking sufficient financial or material resources on a global scale, affecting billions of people's ability to meet basic needs such as food, water, shelter, and education.

Future Security

Measures or assurances put in place to ensure stability and protection from potential threats or uncertainties in the future.

Masculinity

A set of attributes, behaviors, and roles traditionally associated with boys and men, often emphasized by strength, dominance, and emotional restraint.

Gender-Based Violence

Forms of violence or abuse directed at an individual based on their gender identity or perceived adherence to socially constructed gender norms.