A City with a 12/31 Fiscal Year-End Requires That Restaurants $10 / 1 / 06 - 9 / 30 / 11$

Multiple Choice

A city with a 12/31 fiscal year-end requires that restaurants buy a license, renewable yearly.Proceeds of the license fees are intended to pay the salaries of inspectors in the health department.Licenses are issued for a fiscal year from October 1 to September 30.During 2011, cash collections related to licenses were as follows Licenses issued during 2010 for the $10 / 1 / 06 - 9 / 30 / 11$ fiscal year $\quad\$ 30$
Licenses issued during 2010 for the $10 / 1 / 07 - 9 / 30 / 12$ fiscal year $\quad\$ 180$ It is anticipated that during 2012 the amount collected on licenses for the 10/1/07-9/30/08 fiscal year will be $45.In September 2010 the amount collected related to 10/1/06-9/30/07 licenses was $144.What amount should be recognized as revenue in the fund financial statements for the fiscal year ended 12/31/11?

A) $180.
B) $183.
C) $210.
D) $225.