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

Question 28

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.

Correct Answer:

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