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Author Question: A county had the following earnings during the year: Charges for services in public works of ... (Read 57 times)

haleyc112

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  • Posts: 600
on: Jul 5, 2018
A county had the following earnings during the year:
   Charges for services in public works of 289,000
   Public safety operating grants of 100,000
   Property taxes of 1,950,000
   Interest earned on restricted grants of 5,750
 
 
  Interest earned on unrestricted grants of 3,250
   Public works capital grants of 310,000
   Sales taxes of 425,000
  Based on this information and assuming all revenues were earned, governmental activities general revenues for the year would be
  A. 704,750.
  B. 1,950,000.
  C. 2,378,250.
  D. 3,083,000.

Question 2

The order of the flow of accounting data is (1) record in the ledger, (2) record in the journal, (3) prepare thefinancial statements.
 a. True
  b. False
 
   Indicate whether the statement is true or false


shoemake

  • Sr. Member
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  • Posts: 343
Reply #1 on: Jul 5, 2018
Answer to Question 1

C

Answer to Question 2

False


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