FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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4. The city of Alpine incurred the following costs during
the year in its property tax collection department:
Purchase of computer equipment
Salaries and wages
Purchase of electricity from the
city-owned electric utility
Purchase of supplies, all of which
were used during the year
$ 10,000
$400,000
a. $400,000
b. $410,000
c. $450,000
d. $460,000
$ 40,000
$ 10,000
As a consequence of these transactions, the amount
that Alpine should report as expenditures in its gen-
eral fund is
4000
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Transcribed Image Text:4. The city of Alpine incurred the following costs during the year in its property tax collection department: Purchase of computer equipment Salaries and wages Purchase of electricity from the city-owned electric utility Purchase of supplies, all of which were used during the year $ 10,000 $400,000 a. $400,000 b. $410,000 c. $450,000 d. $460,000 $ 40,000 $ 10,000 As a consequence of these transactions, the amount that Alpine should report as expenditures in its gen- eral fund is 4000
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