Chapter 17, Problem 17.3C

To determine

Concept introduction:

Revenues: The current financial resources measurement focus says that revenues are recognized when they become measurable and available to finance expenditures of the fiscal period. For profit entities measure revenue on an accrual basis, but in governmental entities, the current financial resources measurement focus states that the timing of the revenue related inflows must be evaluated, and the revenue should be collectible within the current period.

A memo discussing the proper accounting and financial reporting in the general fund for each of the given item.