select the best answer for each of the following multiple choice questions 1 the encumbrances control account of a governmental unit is increased when a voucher payable is

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The $40,000 balance due for the May 2011 installments was expected to be collected in August 2011. What amount should Motor recognize for property tax revenue for the year ended June 30, 2011?
a. $2,160,000
b. $2,200,000
c. $2,360,000
d. $2,400,000
8. Boa City had the following fixed assets:
Fixed assets used in proprietary fund activities . . . .. . . .. . . . . . .. . . . . . .. . . . . . .. $1,000,000
Fixed assets used in general government activities .. . .. .. . . . . . .. . . . . . .. . . . . . .. 9,000,000
What aggregate amount should Boa account for in the general fixed assets account group?
a. $9,000,000
b. $10,000,000
c. $10,800,000
d. $11,800,000
9. The following information pertains to Cherry City’s liability for claims and judgments:
Current liability at January 1, 2012 . . .. .. . . . . . .. . . . . . .. . . . . . .. . . . . . .. . . . . . .. $100,000
Claims paid during 2012 .. . . . . . .. . . . . . . . . . .. . . . . . .. . . . . . .. . . . . . .. . . . . . .. 800,000
Current liability at December 31, 2012. .. . . . . . .. . . . . . .. . . . . . .. . . . . . .. . . . . . .. 140,000
Noncurrent liability at December 31, 2012 . . . . . . . . .. . . . . . .. . . . . . . . . .. . . . . . .. 200,000
What amount should Cherry report for 2012 claims and judgment expenditures?
a. $1,040,000
b. $940,000
c. $840,000
d. $800,000
10. Dodd Village received a gift of a new fire engine from a local civic group. The fair value of this fire engine was $400,000. Which of the following is the correct entry to be made in the general fixed assets account group for this gift?

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