The tax agency fund of Eden County collected $1,400,000 for the Eden School District, $700,000 for the
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Question:
The tax agency fund of Eden County collected $1,400,000 for the Eden School District, $700,000 for the Village of Edenton, $840,000 for the Eden Park District, and $490,000 for Eden County. County General Fund employees handle the collections, and a 3 percent collection fee is charged all units except the county. How much revenue should be recognized by the General Fund as a result of these collection activities?
A) $102,900.
B) $88,200.
C) $63,000.
D) $42,000.
Related Book For
Advanced Accounting
ISBN: 978-0134472140
13th edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
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