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

Author Question: When making its year-end entries, the city's accountant determines that 20,000 of the city's ... (Read 68 times)

tuffie

  • Hero Member
  • *****
  • Posts: 534
on: Jul 5, 2018
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
Reply #1 on: Jul 5, 2018
Answer to Question 1

c

Answer to Question 2

c


tuffie

  • Member
  • Posts: 534
Reply 2 on: Jul 5, 2018
YES! Correct, THANKS for helping me on my review

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Today, nearly 8 out of 10 pregnant women living with HIV (about 1.1 million), receive antiretrovirals.

Did you know?

There are 60,000 miles of blood vessels in every adult human.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Complications of influenza include: bacterial pneumonia, ear and sinus infections, dehydration, and worsening of chronic conditions such as asthma, congestive heart failure, or diabetes.

Did you know?

Increased intake of vitamin D has been shown to reduce fractures up to 25% in older people.

On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Example of a choice board used in studies of decision making. This one includes four factors for ... Example of a choice board used in studies of decision making. This one includes four factors for ...
Working and Living and Playing in the City Dump of Phnom Penh, Cambodia Working and Living and Playing in the City Dump of Phnom Penh, Cambodia
Sample budget spreadsheet form for first year of business. Sample budget spreadsheet form for first year of business.
What single payment one year from now would be economically equivalent to payments of $1,000 ... What single payment one year from now would be economically equivalent to payments of $1,000 ...
Video: Structures that affect circulation - arterioles and vasomotor responses and venous return

For a complete list of videos, visit our video library