Author Question: A meaningful change in the state of an enterprise such as hiring employees, purchasing inventory, ... (Read 57 times)

mcmcdaniel · **on:** Jul 5, 2018

A meaningful change in the state of an enterprise such as hiring employees, purchasing inventory, and collecting cash from customers are called ___________________ ___________.
Fill in the blank(s) with correct word

Question 2

A county, that did not previously have a property tax levies a property tax for 900,000 in December 2012 . The tax is for the budget year January 1 - December 31, 2013 .

Because it sends out the bills on December 1, it actually collects 500,000 in cash before December 31, 2012 . It collects an additional 375,000 of 2013 property taxes during calendar year 2013, 20,000 during January 1 - February 28, 2014, and the remaining 5,000 in June 2014 . How much property tax revenue should the county report in its 2013 fund and government-wide financial statements?
Fund Government-wide
Statements Statements
a. 375,000 400,000
b. 875,000 900,000
c. 875,000 895,000
d. 895,000 900,000