Question: What amount should Oak City report for 2009 property tax revenues in the Statement of Revenues, Expenditures, and Changes in Fund Balances prepared for governmental

What amount should Oak City report for 2009 property tax revenues in the Statement of Revenues, Expenditures, and Changes in Fund Balances prepared for governmental funds?

a. $700,000

b. $690,000

c. $600,000

d. $500,000

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