Whichofthefollowing is a liability? e. Accountspayable f. Accountsreceivable g. Wagesexpense h. Servicerevenue
Question 2
A city had the following accounts and amounts on its statement of activities:
Public safety expenses of 2,755,500
Public safety charges for services of 20,500
Public safety operating grants and contributions of 105,000
Public
safety capital grants and contributions of 75,000
General government charges for services of 455,500
Property tax general revenues of 2,905,000
Unrestricted grants of 300,000
Net (expense) revenue for the public safety function would be
A. (2,555,000).
B. 200,500.
C. 956,000.
D. 2,555,000.
