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why is the answer 4. d 5. for C and 6. for a and 7. a? what is a good way to analyze what goes

why is the answer 4. d 5. for C and 6. for a and 7. a?
what is a good way to analyze what goes in which funds?
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image text in transcribed
4. The city of Alpine incurred the following costs during the year in its property tax collection department: Purchase of computer equipment $10,000 $400,000 $40,000 $10,000 Salaries and wages Purchase of electricity from the city-owned electric utility A Purchase of supplies, all of which were used during the year As a consequence of these transactions, the amount that Alpine should report as expenditures in its general fund is a. $400,000 b. $410,000 c. $450,000 d. $460,000 5. Grove City received the following resources during the year: Property taxes A federal grant to acquire police cars Hotel taxes, which must be used to promote tourism $50,000,000 $400,000 $3,000,000 $12,000,000 Proceeds of bonds issued to improve the city's electric utility ue funds is und Accounting The a $4.out thar the city should most likelyreport as letly repor as revenues in its special revenue funds t b. $3,000,000 c. $3,400,000 d. $15,400,000 e. $65,400,000 Sin its deb, $100.000t committed ongation bonds to improve its streets and roads. In a. $o service f Or its first million to help ensure that it is able to meet its fe C ent of interest. The amount of iability that the city ay Grsshoul 6. A city issues $20 million of general with the bond covenants, it committed of principal and $100,000 for its first o b. $18.9 million c. $19 million d. $20 million 7. During the year, Brian County collects $12 million of propenty remit the balance sho nshin after the end taxes on behalf of Urton Tow this amount, it remits $10 million to the township, expecting to re the balance shortly after the O s amount, it remits $10 million to the township, expecting to remit of its fiscal year. The amount that the county should report as its yeat a.$0 b. $2 million c. $10 million d. $12 million 2

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