Property taxes $50 million, a federal grant to acquire police cars $400,000, hotel taxes used to promote

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Property taxes $50 million, a federal grant to acquire police cars $400,000, hotel taxes used to promote tourism $1million and proceeds of bonds issued to improve the city's electric utility of $12 million are the resources of a city.

What amount should be reported as revenues in its SPECIAL REVENUE fund?

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

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Posted Date: May 24, 2023 08:17 AM

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Property taxes $50 million, a federal grant to acquire police cars $400,000, hotel taxes used to promote

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Government and Not for Profit Accounting Concepts and Practices

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