Assume the Following Transactions Occurred in a School District General

question 19

Multiple Choice

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.

Identify and utilize a Content Management System (CMS) for web publishing.

Understand the necessity of coding skills in customizing website templates.

Comprehend the evolution and versions of HTML.

Be acquainted with web design elements like banners and hyperlinks for effective website navigation and appearance.

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Definitions:

Depreciation Expense

The allocation of the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.

Cash Paid

The total amount of currency that an entity disburses in exchange for goods or services or to settle debts.

Suppliers

Entities or individuals that provide goods or services to another entity, typically in a commercial transaction.

Income Tax Expense

The amount of money a company owes in taxes based on its taxable income for a given period.