1. The City of Charlotte levied property taxes in 2012 in the amount of $10 million. It is estimated that 2% will be uncollectible. During 2012, $9,000,000 was collected, and it is anticipated that $400,000 will be collected during the next 60 days. When moving from the changes in fund balances in the Statement of Revenues, Expenditures, and Changes in Fund Balances to the changes in net assets in the Statement of Activities, what will be the adjustment? (ignore any possible effect resulting from the previous years deferral) A) Zero B) An increase of $200,000. C) An increase of $400,000. D) An increase of $800,000. 2. A government reported an other financing source in the amount of $750,000, related to the sale of land in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. The land had a cost of $275,000. The adjustment in the reconciliation, when moving from the governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in net assets for governmental activities in the Statement of Activities would be a(an): A) Increase of $475,000. B) Decrease of $475,000. C) Increase of $275,000. D) Decrease of $275,000. 3.The City of Springfield has three pension plans: a locally administered police plan for which it is trustee, a statewide cost sharing plan, and a statewide agency plan. The City would include in its CAFR financial statements for: A) All three plans. B) The locally administered plan plus the statewide agency plan. C) Both statewide plans. D) The locally administered plan only