Author Question: Accounting information users need reports about the economic activities and condition of businesses. ... (Read 69 times)

dejastew · **on:** Jul 6, 2018

Accounting information users need reports about the economic activities and condition of businesses.
a. True
b. False

Indicate whether the statement is true or false

Question 2

Ledford County levied property taxes of 10,000,000, 2 of which is expected to be uncollectible. Prior to this new levy, the county still had 350,000 of uncollected taxes from previous years.

How much should be reported as Taxes Receivable after the new levy has been recorded?
a. 10,000,000
b. 9,800,000
c. 10,350,000
d. 10,150,000
e. None of the above.