Question: **PLEASE SHOW CORRECT ANSWER** IGNORE BUBBLE, IS MY GUESS. NEED ASAP!!. Please show work 10. 11. With respect to the content of government-wide statements, which
**PLEASE SHOW CORRECT ANSWER** IGNORE BUBBLE, IS MY GUESS. NEED ASAP!!. Please show work
10.

11.

With respect to the content of government-wide statements, which of the following is correct? Multiple Choice Internal service funds are typically reported in the governmental activities sections of the government-wide statements, while fiduciary activities are not included in the government-wide statements. Fiduciary activities are included the government-wide statements and internal service funds are not included in the government-wide statements. Interfund transaction are separately stated to show detail but do not affect the ending balances on the statements because revenues equal expenses Interfund transactions are not adjusted when preparing the government-wide statements because they cancel each other out. The City of Riverside levied property taxes in the amount of $20,000,000. The taxes were levied July 1, 2019 for the fiscal year ended June 30, 2020. During the year ended June 30, 2020, $17,800,000 in property taxes were collected from this levy. It is estimated that $940,000 will be collected during the next 60 days, $1,050,000 will be collected more than 60 days after June 30, 2020, and $210,000 will never be collected. When preparing the government-wide financial statements, how much property tax revenue should be recognized for the year ended June 30, 2020? Multiple Choice $19,790,000 $18,740,000 $19,490,000 O O $18,550,000
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