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  3. question 9 (3.03 points) 1. indicate which of the

Question 9 (3.03 points) 1. Indicate which of the following use Modified Accrual Accounting? Fill...

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Accounting

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Question 9 (3.03 points) 1. Indicate which of the following use Modified Accrual Accounting? Fill in the Blank by entering either an A,B,C or D ONLY Government- wide Internal Service Fund Yes Special Revenue Eund No Yes Capital Projects Fund Financial Statements Yes No No Yes No Yes Yes Yes No Yes Yes No No A Question 10 (3.03 points) 1. Fill In the Blank: The General Fund of the City of Lexington approved a tax levy for the calendar year 2017 in the amount of $2,600,000 During 2017, $2,250,000 was collected. During 2018, $95,000 was collected during the first 30 days, $75,000 was collected during days 31-60, and $70,000 was collected during the days 61-90. The balance is expected to be uncollectible. During the post-audit, you discovered that the City showed $2,600,000 in revenues. How much revenue should the City recognize in 2017 from this tax levy? A) $2,250,000 B) $2,345,000 $2,420,000 D) $2,465,000

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