This topic contains a solution. Click here to go to the answer

Author Question: When making its year-end entries, the city's accountant determines that 20,000 of the city's ... (Read 60 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
When making its year-end entries, the city's accountant determines that 20,000 of the city's remaining current property taxes receivable would not be collected within the first sixty days of the next fiscal year, but would be collectible later
 
  in that year. At year-end, the city should report a 20,000 credit to:
   a. revenues - property taxes
   b. property taxes receivable - delinquent
   c. deferred revenues - property taxes
   d. allowance for uncollectible taxes

Question 2

Which of the following is an example of activities that are likely to be accounted for in a government's general fund?
 
  a. business-type activities of government that are financed by user charges
  b. sales taxes collected by a state on behalf of counties within the state
  c. property taxes to be used to provide basic government services
  d. donations that must be kept intact, but whose income must be used to beautify parks



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

zenzy

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

c

Answer to Question 2

c




tuffie

  • Member
  • Posts: 534
Reply 2 on: Jul 5, 2018
:D TYSM


blakcmamba

  • Member
  • Posts: 335
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

There are more sensory neurons in the tongue than in any other part of the body.

Did you know?

According to animal studies, the typical American diet is damaging to the liver and may result in allergies, low energy, digestive problems, and a lack of ability to detoxify harmful substances.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

People who have myopia, or nearsightedness, are not able to see objects at a distance but only up close. It occurs when the cornea is either curved too steeply, the eye is too long, or both. This condition is progressive and worsens with time. More than 100 million people in the United States are nearsighted, but only 20% of those are born with the condition. Diet, eye exercise, drug therapy, and corrective lenses can all help manage nearsightedness.

For a complete list of videos, visit our video library