Question: The following information is for the governmental funds total of

The following information is for the governmental funds (total) of Bell County for 20X6. Assume the deferred tax revenues meet the earnings criteria.
Deferred Tax Revenues (January 1) . . . . . . . . . . . . . . . . . . . . $ 800,000
Deferred Tax Revenues (December 31) . . . . . . . . . . . . . . . . . 1,300,000
Tax Revenues (20X6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8,000,000
a. Explain the worksheet adjustments to derive the tax revenues to be reported for governmental activities in the government-wide financial statements.
b. Compute the governmental activities tax revenues to be reported in Bell County’s government-wide Statement of Activities for 20X6.



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  • CreatedOctober 25, 2014
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