(Answered) Question preparation of proprietary funds statement of

Accounting

Question: (Preparation of proprietary funds statement of revenues, expenses, and changes in fund net position) The City of Breukelen maintains a rapid transit system, which is accounted for in a proprietary fund called Breukelen RTS. The following excerpt from the trial balance shows all the information needed to prepare an operating statement. Therefore, prepare a statement of revenues, expenses, and changes in fund net position for the Breukelen RTS for the year ended December 31, 2012, using the appropriate format.

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