4. The city of Alpine incurred the following costs duringthe year in its property tax collection department:Purchase of computer equipmentSalaries and wagesPurchase of electricity from thecity-owned electric utilityPurchase of supplies, all of whichwere used during the year$ 10,000$400,000a. $400,000b. $410,000c. $450,000d. $460,000$ 40,000$ 10,000As a consequence of these transactions, the amountthat Alpine should report as expenditures in its gen-eral fund is4000

The general fund is the fund used by a government entity to record all the receipts and expenses.…

Answered: As a consequence of these transactions,…

As a consequence of these transactions, the amount that Alpine should report as expenditures in its gen- eral fund is a. $400,000 b. $410,000 c. $450,000 d $460.000

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

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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