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Other Fields Homework Help Accounting Topic started by: goji.go on Oct 21, 2014



Title: When a tax lien is formalized, a government must record an allowance for uncolle
Post by: goji.go on Oct 21, 2014
When a tax lien is formalized, a government must record an allowance for uncollectible tax liens
A.   In every possible situation.
B.   Only if the expected salable value of the property against which the lien was established is less than the fair value of the property.
C.   Only if the expected salable value of the property against which the lien was established is less than the total amount of the liens receivable against that property.
D.   Only if the lien is contested in court.


Title: Re: When a tax lien is formalized, a government must record an allowance for uncolle
Post by: f_zah1 on Oct 22, 2014
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Title: Re: When a tax lien is formalized, a government must record an allowance for uncolle
Post by: goji.go on Oct 23, 2014
Thanks so much f_zah1.

You were correct :D


Title: Re: When a tax lien is formalized, a government must record an allowance for uncolle
Post by: f_zah1 on Oct 23, 2014
You're very welcome!