the city of marlohaven has a december 31 fiscal year end, during 20x5 marlohaven levied $720,000 in proprty taxes. the following details are expected collection of marlohaven's general fund property tax levy for 20x5 Total levy $720,000 Estimated to be uncollectible $15,000 Total estimated collectible levy $705,000 Collection during 20x5 $5000 In accordance with GASB, WHAT AMOUNT SHOULD rOSEVILLE REPORT tax revenue in statement of revenue, expenditures, and change in fund balances?

Answer rating: 100% (QA)

According to GASB Marlohaven should report tax revenue in the Statement of Revenue E... View the full answer