Multiple choice
The following revenues were among those reported by Arvida Township in 2012:
|
Net rental revenue (after depreciation) from |
$ 40,000 |
|
a parking garage owned by Arvida |
|
|
Interest earned on investments held for |
|
|
employees’ retirement benefits |
100,000 |
|
Property taxes |
6,000,000 |
What amount of the forgoing revenues should be accounted for in Arvida’s governmental funds?
a $6,140,000
b $6,100,000
c $6,040,000
d $6,000,000