QUESTION 26 Japes City issued $1,000,000 general obligation bonds at 101 to build a new city hall. As part of the bond issue, the city also paid a $500 underwriter fee and $2,000 in debt issue costs. What amount should Japes City report as other financing sources? $1,010,000 $1,008,000 0 $1,007,500 $1,000,000 QUESTION 27 Linden County operates a solid waste landfill that is accounted for in an enterprise fund. The county calculated this year s portion of the total closure and postclosure costs associated with the landfill to be $300,000. The entry(ies) to record this cost should be: Debit landfill expense $300,000; Credit liability for landfill costs $300,000 Debit landfill expense $300,000; Credit liability for landfill costs $300,000 AND include an addition of $300,000 on the schedule of changes in long-term obligations. Show only an addition of $300,000 on the schedule of changes in long-term obligations. No entry in the fund; No addition on the schedule of changes in long-term obligations. QUESTION 24 Cancer Educators, a not-for-profit organization, incurred costs of $20,000 when it combined program functions with fund-raising functions. Which of the following cost allocations might Cancer report in its statement of activities? Program SO, Fund Raising $16,000, and General $4,000 Program S0, Fund Raising So, and General $20,000 Program $16,000, Fund Raising $2,000, and General $2,000 Program $10,000, Fund Raising $10,000, and General $0 QUESTION 25 A nongovernmental not-for-profit animal shelter receives contributed services from the following individuals valued at their normal billing rate: Board members volunteer to prepare books for audit 4,500 Registered nurse volunteers as receptionist 3,000 Teacher provides volunteer dog walking 2,000 What amount should the shelter record as contribution revenue? O $7,500 O $4,500 $6,500 $9,500