Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Program and General Revenues The following information was drawn from the records of Orleans Parish (all amounts are in thousands of dollars). Local gas tax

Program and General Revenues

The following information was drawn from the records of Orleans Parish (all amounts are in thousands of dollars).

Local gas tax restricted for street maintenance............................................. $13,000

State grant restricted for police training........................................................ 4,000

Federal grant for new library......................................................................... 1,222

Gain on sale of general capital assets ............................................................ 300

License and permit fees ................................................................................ 70

Interest collected on investments.................................................................. 108

Fines and forfeitures...................................................................................... 500

Contributions to permanent fund which supports education........................ 635

Shared state revenues restricted to public health........................................... 1,100

Requirement: Prepare schedules computing amounts to be reported as Charges for Services, Operating Grants and Contributions, Capital Grants and Contributions, and General Revenues.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Conservation Easement Audit Techniques Guide

Authors: U.S. Internal Revenue Service

1st Edition

0359516998, 978-0359516995

More Books

Students also viewed these Accounting questions