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goji.go goji.go
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Posts: 5977
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9 years ago
Which of the following statements regarding tax revenue recognition in the General Fund is false?
A.   Tax revenues may be recorded when the tax is levied.
B.   Governments may choose to recognize tax revenue as it becomes available, not when it is initially levied.
C.   Tax revenues are generally recorded at gross amounts of the levy, regardless of expected collections.
D.   Tax revenues are generally recorded net of the allowance for uncollectibles.
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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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Posts: 10774
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9 years ago
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goji.go Author
wrote...
#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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