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The city of Alpine incurred the following costs during the year in its property tax collection department:
Purchase of computer equipment $400,000Salaries and wages $410,000Purchase of electricity from the city-owned electric utility $450,000Purchase of supplies, all of which were used during the year $10,000
As a consequence of these transactions, the amount that Alpine should report as expenditures in its general fund is?
a. $400,000b. $410,000c. $450,000d. $460,000
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Prepare the stockholders' equity section of the balance sheet at December 31, 2014.
The following items appear in a Statement of Financial Position: Receivables €200,000; What is the balance of Shareholders' funds (SH Equity)
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