A city levies $ 300,000 of property taxes for its current fiscal year , One percent of
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A city levies $ 300,000 of property taxes for its current fiscal year , One percent of the tax levy is expected to be estimated discount on property taxes , The city collects $ 270,000 of its taxes during the year and another $ 25,000 during the first two months of the following year ,
What amount of property tax revenues should the city report in the General Fund financial statements for the current fiscal year ?
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Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
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