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goji.go goji.go
wrote...
Posts: 5977
9 years ago
A government levies property taxes and awards discounts for timely payment. How should the government report discounts that it expects will be taken?
A.   Report as expenditures in the year the taxes are levied.
B.   Report as expenditures in the year the discounts are awarded for early payments received.
C.   Report as other financing uses.
D.   Deduct from the amount of taxes levied to determine property tax revenues.
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3 Replies
Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
Top Poster
Posts: 10774
9 years ago
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goji.go Author
wrote...
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
9 years ago
You're very welcome!
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