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All Revenues of the City of Capri Are Accounted for on the Modified

Question 82

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All revenues of the City of Capri are accounted for on the modified accrual basis.Below is shown a list of Capri's General Fund transactions of a revenue nature.State which ones should be recognized by the General Fund as a revenue in the year of occurrence.If any item is not a current revenue,state the proper treatment for that item.

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1)Receipt of money from issue of tax ant...

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