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Sedaia [141]
3 years ago
10

A city levies property taxes of $500,000 for its General Fund for a year and expects to collect all except the estimated uncolle

ctible amount of $5,500 by year end. To reflect this information, the city should record General Fund revenues of______________.
Business
1 answer:
Aneli [31]3 years ago
7 0

Answer:

The city should record General Fund revenue of $494,500

Explanation:

500 000 -55000= 494 500

This is realised revenue

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