What amount of these cash receipts should be accounted?

  • Creator
    Topic
  • July 4, 2016 at 7:07 am #203405
    shawnl112
    Spectator

    Please explain

    Cal City maintains several major fund types. The following were among Cal’s cash receipts during the current year:

    Unrestricted state grant $1,000,000

    Interest on bank accounts held for employees’ pension plan $200,000

    What amount of these cash receipts should be accounted for in Cal’s general fund?

    a. $1,200,000

    b. $200,000

    c. $1,000,000

    d. $0

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