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Home Q & A Board Other Fields Homework Help Business Accounting
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goji.go goji.go
wrote...
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Posts: 5977
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9 years ago
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.
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Diesel
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Answer accepted by topic starter
f_zah1f_zah1
wrote...
#1
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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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