Question
For the budgetary year ending December 31, 2017, the City of Tampa's General Fund EXPECTS the following inflow of resources: Property taxes, licenses, and fees.................
For the budgetary year ending December 31, 2017, the City of Tampa's General Fund EXPECTS the following inflow of resources:
Property taxes, licenses, and fees................. $9,000,000
Proceeds of debt issue.............................. 5,000,000
Interfund transfers................................... 1,000,000
In the budgetary entry, what amount should Tampa record for estimated REVENUES? A. $9,000,000 B. $15,000,000 C. $14,000,000 D. $10,000,000
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Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds
7th Edition
73527122, 978-0073527123
