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Title: In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 Post by: goji.go on Oct 21, 2014 In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 of that levy; in Year 2, the levy was $1,550,000 and the related collections totaled $1,495,000; in Year 3, the levy was $1,575,000 and the related collections totaled $1,530,000. Also, collections of past due taxes in Years 1, 2, and 3 were $15,000, $14,000, and $19,000, respectively. Assuming that the General Fund’s deferred revenue at the beginning of Year 1 was $410,000, what would deferred revenue be as of the end of Year 3?
A. $362,000. B. $562,000. C. $610,000. D. $658,000. Title: Re: In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 Post by: f_zah1 on Oct 22, 2014 Content hidden
Title: Re: In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 Post by: goji.go on Oct 23, 2014 Thanks so much f_zah1.
You were correct :D Title: Re: In Year 1, a county levied $1,500,000 of property taxes and collected $1,400,000 Post by: f_zah1 on Oct 23, 2014 You're very welcome!
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