1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
DiKsa [7]
3 years ago
11

A village levied property taxes of $910,000 for calendar year 2019 on january 1, 2019 and immediately set up an allowance of $10

,000 for uncollectible taxes. The village collected $870,000 in cash during 2019. It expected to collect $22,000 of the unpaid taxes during the first 60 days of 2020 and an additional $8,000 during the rest of 2020. How much should the village recognize as property tax revenues in its 2019 general fund financial statements?
Business
1 answer:
Phoenix [80]3 years ago
6 0

Answer:

The answer is $870,000.  

Explanation:

Land assessment and property charge are similar things. The IRS utilizes the expression "land assess", however the vast majority call it "property impose". Property (land) impose is charged on steady property. Land structures that are forever appended to the ground, for example, a house, building, or land. In the event that your loan specialist set up an escrow represent your home loan, every month you'll additionally make an escrow installment to cover your property assessments and mortgage holders protection. Your loan specialist will store this sum into your escrow account and will pay for both of these things for your benefit when they are expected.

You might be interested in
Help please it’s due by today
Soloha48 [4]

Answer:

...... .... .nh8yv8gigig

8 0
3 years ago
Jake’s Market recorded the following events involving a recent purchase of merchandise: Received goods for $60000, terms 2/10, n
castortr0y [4]

Answer:

$57924

Explanation:

(60000- 1200 x.98) + 300= $57924

3 0
3 years ago
Read 2 more answers
5. The time required and costs involved in an external audit are much higher as compared to internal audits.​
harina [27]

Answer:

True

:>>>

is this a question??

3 0
3 years ago
How would you make a good impression on a CEO as an IT manager?
enot [183]
I think B just because it makes most sense
3 0
3 years ago
Read 2 more answers
Which of the following policies is the government most inclined to use when faced with a positive externality? Group of answer c
In-s [12.5K]

Answer:

subsidies

Explanation:

Subsidies refer to financial aid for some specific purpose and to some specific category as decided by the government. As for the instance the government can provide subsidy in the form of house to poor people in the country.

Now here the rich people can afford their own houses and that they can pay the taxes as well which are attached to the the houses, which provide extra benefit to the poor, as the government can provide the subsidy then more efficiently.

The positive externalities increase the benefits for every citizen.

4 0
2 years ago
Other questions:
  • You have ​$. You put ​% of your money in a stock with an expected return of ​%, ​$ in a stock with an expected return of ​%, and
    14·1 answer
  • What is the primary reason why securities are sometimes offered through a rights offering? To avoid corporate taxation of excess
    15·1 answer
  • Why does an excise tax on gasoline exist? Check all that apply.
    7·1 answer
  • On January 1, Year 1, Gemstone Mining Company (GMC) paid $10,500,000 cash to purchase the rights to extract raw stone from a sur
    11·1 answer
  • Which of the following is an example of comparative advantage​? A. Michael Jordan is an American basketball player. B. The Unite
    12·1 answer
  • Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
    13·1 answer
  • Why is it important to be a good communicator for a successful future?
    10·1 answer
  • Audience quality, audience engagement, and editorial quality are most likely to be considered when a media planner ________.
    15·1 answer
  • When the price is $12 the quantity demanded is 50. When the price increases to $24 the quantity demanded decreases to 30. Calcul
    13·1 answer
  • The expected return on a portfolio: Group of answer choices can be greater than the expected return on the best performing secur
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!