Remaining Time: 34 minutes, 15 seconds. Question Completion Status: A city that has a 12/31 fiscal year end has adopted a policy of recognizing the maximum amount of property tax revenue allowable under GAAP. Property taxes of 5720,000 (of which 5 percent are estimated to be uncollectible) are levied in October 2013 to finance the activities of the fiscal year 2014, During 2014, cash collections related to property taxes levied in October 2013 were $600,000. In 2015 the following amounts related to the property taxes levied in October 2013 were collected: January $30,000; February, $6,000. For the fiscal year ended 12/31/14, what amount should be recognized as property tax revenues related to the 2013 levy on the governmental fund financial statements? $720,000 $684,000 $630,000 5636,000 QUESTION 14 Use the information below to answer the following two questions: Kayla Township issued the following bonds during the year Ten-year bonds to acquire equipment for a data processing service reported in an inmal service fund $2,000,000 Bonds to construct a new police station 59,000,000 Bonds to increase the capacity of the water treatment plant reported in an enterprise find $4,800,000 The amount of debt reported in the Township's general fund is: O 50 39,000,000 $11,000,000 Click Save and Submit tone and submit. Click Save All Armers to squall answer V Remaining Time: 34 minutes, 15 seconds. Question Completion Status: A city that has a 12/31 fiscal year end has adopted a policy of recognizing the maximum amount of property tax revenue allowable under GAAP. Property taxes of 5720,000 (of which 5 percent are estimated to be uncollectible) are levied in October 2013 to finance the activities of the fiscal year 2014, During 2014, cash collections related to property taxes levied in October 2013 were $600,000. In 2015 the following amounts related to the property taxes levied in October 2013 were collected: January $30,000; February, $6,000. For the fiscal year ended 12/31/14, what amount should be recognized as property tax revenues related to the 2013 levy on the governmental fund financial statements? $720,000 $684,000 $630,000 5636,000 QUESTION 14 Use the information below to answer the following two questions: Kayla Township issued the following bonds during the year Ten-year bonds to acquire equipment for a data processing service reported in an inmal service fund $2,000,000 Bonds to construct a new police station 59,000,000 Bonds to increase the capacity of the water treatment plant reported in an enterprise find $4,800,000 The amount of debt reported in the Township's general fund is: O 50 39,000,000 $11,000,000 Click Save and Submit tone and submit. Click Save All Armers to squall answer V