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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
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Posts: 5977
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9 years ago
A government levies property taxes of $2,500,000, 1% of which are expected to prove uncollectible. The property taxes should be reported in the General Fund statement of revenues, expenditures, and changes in fund balances as
A.   Revenues of $2,500,000 and expenditures of $25,000.
B.   Revenues of $2,500,000 and other financing uses of $25,000.
C.   Revenues of $2,475,000 and no expenditures or other financing uses.
D.   Other financing sources of $2,500,000 and expenditures of $25,000.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
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#1
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9 years ago
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goji.go Author
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#2
9 years ago
Thanks so much f_zah1.

You were correct Smiling Face with Open Mouth
Diesel
wrote...
#3
9 years ago
You're very welcome!
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