Business, 03.12.2019 19:31 djennings8055
During the current year, knoxx county levied property taxes of $2,000,000, of which 1% is expected to be uncollectible. the following amounts were collected during the current year: prior year taxes collected within the first 60 days of the current year $ 50,000 prior year taxes collected between 60 and 90 days into the current year 120,000 current year taxes collected in the current year 1,800,000 current year taxes collected within the first 60 days of the subsequent year 80,000 what amount of property tax revenue should knoxx county report in its government-wide statement of activities? a. $2,000,000
b. $1,980,000
c. $1,800,000
d. $1,970,000
Answers: 3
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During the current year, knoxx county levied property taxes of $2,000,000, of which 1% is expected t...
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