This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A property owner receives a property tax bill for 4,000 and appeals the assessment. Before he pays ... (Read 115 times)

cmoore54

  • Hero Member
  • *****
  • Posts: 568
on: Jul 5, 2018
A property owner receives a property tax bill for 4,000 and appeals the assessment. Before he pays the bill, the city reduces his property tax to 3,000 .
 
  If the city had previously established an allowance for property tax refunds, what entry should it make to record the reduction?
   a. Revenues - property taxes 3,000
   Property taxes receivable 3,000
   b. Revenues - property taxes 1,000
   Property taxes receivable 1,000
   c. Allowance for property tax refunds 1,000
   Property taxes receivable 1,000
   d. Tax liens receivable 1,000
   Property taxes receivable 1,000

Question 2

Internet market exchanges enable suppliers to put their products online, by feeding into electronic catalogs that sort through alternatives from different suppliers and electronically place an order.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

LVPMS

  • Sr. Member
  • ****
  • Posts: 323
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

T


cmoore54

  • Member
  • Posts: 568
Reply 2 on: Jul 5, 2018
Thanks for the timely response, appreciate it

yeungji

  • Member
  • Posts: 319
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Hyperthyroidism leads to an increased rate of metabolism and affects about 1% of women but only 0.1% of men. For most people, this increased metabolic rate causes the thyroid gland to become enlarged (known as a goiter).

Did you know?

Limit intake of red meat and dairy products made with whole milk. Choose skim milk, low-fat or fat-free dairy products. Limit fried food. Use healthy oils when cooking.

Did you know?

Russia has the highest death rate from cardiovascular disease followed by the Ukraine, Romania, Hungary, and Poland.

Did you know?

Intradermal injections are somewhat difficult to correctly administer because the skin layers are so thin that it is easy to accidentally punch through to the deeper subcutaneous layer.

Did you know?

Street names for barbiturates include reds, red devils, yellow jackets, blue heavens, Christmas trees, and rainbows. They are commonly referred to as downers.

Abdominal Assessment Landmarks. When describing pathology of the abdomen, it is useful to use theses Abdominal Assessment Landmarks. When describing pathology of the abdomen, it is useful to use theses
Health History Assessment Questions Pertinent to Drug Administration Health History Assessment Questions Pertinent to Drug Administration
Nursing assessment questions Nursing assessment questions
Patient teaching: neck assessment Patient teaching: neck assessment
How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives How Orbital Eccentricity Changes the Amount of Solar Radiation Earth Receives
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ... A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...
Video: Interview with Person who has Schizophrenia

For a complete list of videos, visit our video library