Assume the Following Transactions Occurred in a School District General

question 21

Essay

Assume the following transactions occurred in a school district General Fund during the year:
-Charges for services collected - $25,000
-Taxes levied - $2,450,000
-Taxes collected from current year levy and prior year tax levies - $2,320,000
-Tax prepayments received - $10,000
-Grants earned and received during the year - $300,000
-Grants awarded but not yet available - $250,000
The amount of revenues recorded in the General Fund for the year would be
A. $2,895,000.
B. $2,655,000.
C. $2,645,000.
D. $2,450,000.

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Definitions:

Free Will

The concept that humans have the ability to make choices that are not predetermined by past events or natural laws.

Funder's First Law

The psychological principle stating that "Great strengths are usually great weaknesses, and surprisingly often the opposite is true as well," highlighting the complexity of personality traits.

Psychological Triad

Refers to the three components of psychological analysis: thoughts, feelings, and behaviors.

Pigeonholing

The practice of classifying or categorizing people, ideas, or objects narrowly and often unfairly, limiting potential or understanding.