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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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10 years ago
Which of the following is the most likely reason that deferred revenue is reported on the General Fund balance sheet?
      a.   qualifying expenditures have been incurred in conjunction with a federal grant
      b.   there are property taxes receivable at year end that probably will not be collected for at least 60 days after the end of the accounting period
      c.   there are property taxes receivable at year end that will probably be collected within 60 days after the end of the accounting period
      d.   the government owes refunds to property owners who have successfully appealed their property tax assessments
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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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