A government levies property taxes of 2,500,000, 1 of which is expected to prove uncollectible. The property taxes should be reported in the General Fund statement of revenues, expenditures, and changes in fund balances as
a. revenues of 2,500,000 and expenditures of 25,000
b. revenues of 2,500,000 and other financing uses of 25,000
c. revenues of 2,475,000 and no expenditures or other financing uses.
d. other financing sources of 2,500,000 and expenditures of 25,000
Question 2
The Unearned Revenues account is an example of a liability.
a. True
b. False
Indicate whether the statement is true or false
Expected and Unexpected Reinforcers
The recent mass upheavals in Tunisia, Egypt, Libya, Yemen, and Syria gave political scientists a cha
In 2008, the U.S. economy suffered a gaping wound as several trillion dollars were ripped out of it.
American Government: Roots and Reform, AP* Edition, 12th Edition
Prove that Σ(yi - y)^2 =Σyi - (Σyi)^2/n
Prove the argument using two column proof numbers 2 and 5 only.