47. The City of Charlo tte reported property tax revenues in 2015 in the amount of $10 million. The deferred inflow- property taxes reported in the General Fund 2014 and was $375,000 on December 31, 2015. During 2015, $9,000,000 was collected. What amount should the city report for Property Tax Revenue in its year ended December Statement of Activities? s balance sheet was $300,000 on December 31, 31, 2015 government-wide A. $9,075,000 B. 59,975,000 C, $10,075,000 D. $10,375,000 48. 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 Revenaes, Expenditures, and Changes in Fund Balances. The land had a cost of $300,000. The adjustment in the reconciliation, when moving rom the governmental Punds Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in net position for governmental activities in the Statement of Activities would be al an): A. Increase of $450,000. B. Decrease of$450,000. C. Decrease of $300,000, D. Increase ofS300,000. 49. A govermment recorded transters out of the General Fund to the debt service fund in the amount of S600,000 and to the enterpeise fund in the amount of $300,000. The amount that would be shown as a transfer in the governmental activities co lumn of the Statement of Activities would be A. $900,000 B. $600,000. C. $300,000 D. S0. 50. On April 1, 2015, the City of Southem Ponds issued S3.500,000 in 4% general obligatint, tar supported bonds at 101 for the purpose of oonstructing a new police station. The premium was transferred to a debt service fund. A total ofS3,490,000 was used to construct the police station, which was completed before December 31, 2015, the end of the fiscal year. The remaining funds were transferred to the debt service fund. The bonds were dated April 1, 2015, and paid interest on October 1 and April 1. The first of 20 equal annual principal payments of $175,000 is due April 1, 2016 In addition to reporting a $3,500,000 liability and a $35,000 bond premium in the govenment-wide Statement of Net Position, how wouk the bond sale be reported? A. As a 53.500,000 liability in the govermmert-wide Statement of Net Position and as a $3,500,000 other financing source in the debt service fund. $3,535,000 in the cupital projocts furd, and as another financing source of $3,535,000 in the capital B. As a S3,535,000 liability in the government-wide Statement of Net Position, as a liability of C. A S3,535,000 other financing source in the capital projects fiund, a $35,000 other financing use in the D. The $3,500,000 liability in the goverriment-wide Statement of Net Position and the $35,000 would projects fiund capital projects fund, and a $35,000 otber finaneing souroe in the deht service fund. alsa be recorded as a bond premium in the Statement of Net Position. 9 Page