Question 1Not yet answered Flag question Marked out of 1.00 Budget entry amount On January 1, Cass City approved the following general fund resources for the new fiscal period: Property Taxes Licenses and permits $4,000,000 300,000 Intergovernmental revenues 250,000 Transfers in from other funds 150,000 What amount should Cass record as estimated revenues for the new fiscal year? Select one: $5,400,000 $5,550,000 $4,700,000 $4,550,000 Current financial resources measurement focus and modified accrual basis of accounting Which of the following funds would be most appropriate for the use of the current financial resources measurement focus and the modified accrual basis of accounting? Governmental Proprietary Fiduciary Yes Yes Yes . b. No Yes Yes Yes No No C. d. No No Yes Select one: . b. . d