The following information is available for the preparation of the government-wide financial statements for the City of Southern Springs as of April 30, 2020: Cash and cash equivalents, governmental activities $ 3,660,000 Cash and cash equivalents, business-type activities 817,000 Receivables, governmental activities 608,000 Receivables, business-type activities 1,229,000 Inventories, business-type activities 490,000 Capital assets, net, governmental activities 9,833,000 Capital assets, net, business-type activities 10,518,000 Accounts payable, governmental activities 609,000 Accounts payable, business-type activities 618,000 Noncurrent liabilities, governmental activities 5,136,000 Noncurrent liabilities, business-type activities 3,086,000 Net position, net investment in capital assets, governmental activities 4,847,000 Net position, net investment in capital assets, business-type activities 7,582,000 Net position, restricted for debt service, governmental activities 705,000 Net position, restricted for debt service, business-type activities 219,000 From the above information, prepare a Statement of Net Position for the City of Southern Springs as of April 30, 2020.

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

On january 1, 2017, fisher corporation purchased 40 percent (90,000 shares) of the common stock of bowden, inc. for $980,000 in cash and began to use the equity method for the investment. the price paid represented a $48,000 payment in excess of the book value of fisher's share of bowden's underlying net assets. fisher was willing to make this extra payment because of a recently developed patent held by bowden with a 15-year remaining life. all other assets were considered appropriately valued on bowden's books. bowden declares and pays a $90,000 cash dividend to its stockholders each year on september 15. bowden reported net income of $400,000 in 2017 and $348,000 in 2018. each income figure was earned evenly throughout its respective year. on july 1, 2018, fisher sold 10 percent (22,500 shares) of bowden's outstanding shares for $338,000 in cash. although it sold this interest, fisher maintained the ability to significantly influence bowden's decision-making process. prepare the journal entries for fisher for the years of 2017 and 2018. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field. do not round intermediate calculations. round your final answers to the nearest whole dollar.)

If the findings and the results are not presented properly, the research completed was a waste of time and money. true false