Using the Information Below,what Amount Should Be Accounted for in a Special

question 38

Multiple Choice

Using the information below,what amount should be accounted for in a special revenue fund or funds? Warehouse equipment used to store supplies for delivery to all city departments and agencies on a cost-reimbursement basis
$300,000
Equipment used for supplying electric power to residents
$1,750,000
Receivables for completed sidewalks to be paid for in installments by affected property owners. Construction was financed by special assessment bonds for which the town has no liability
$1,500,000
Cash received from federal government,dedicated to highway maintenance,that must be accounted for in a separate fund
$1,800,000

• A) $1,800,000.
• B) $2,100,000.
• C) $3,300,000.
• D) $5,350,000.

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Definitions:

Merchants

Merchants are individuals or businesses engaged in the commercial trading of goods and services, often acting as intermediaries between producers and consumers.

Society's Point of View

Society's Point of View considers the interests, needs, and values of the community or larger collective, often in the context of decision-making or assessing impacts.

Policy Change

Modifications or alterations made to existing rules, laws, or regulations.

Low-Income Families

Households earning significantly below the median income of a geographical area, often facing financial stress.