Question: Carroll City levies $ 2 0 0 , 0 0 0 of property taxes for its current fiscal year. One percent of the tax levy
Carroll City levies $ of property taxes for its current fiscal year. One percent of the tax levy is expected to be uncollectible. The city collects $ of its taxes during the year and another $ during the first two months of the following year. In addition, the city collected $ of prioryear taxes during the first two months of the current fiscal year and another $ during the remainder of the current fiscal year. What amount of property tax revenues should the city report in thegovernmentwidefinancial statements for the current fiscal year?
Multiple Choice
$
$
$
$
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