Author Question: A disadvantage of the periodic mode is: a. completeness b. accuracy c. validity d. ... (Read 163 times)

xroflmao · **on:** Jul 5, 2018

A disadvantage of the periodic mode is:
a. completeness
b. accuracy
c. validity
d. timeliness

Question 2

The General Fund levies property taxes in the amount of 1,000,000 for calendar year 2009 . It expects to collect 950,000 during the year, 30,000 in the first 60 days of the next year, and 15,000 during the rest of the next year.

It does not expect to collect the remaining 5,000 . How much property tax revenue should it recognize for the year 2009?
a. 1,000,000
b. 980,000
c. 995,000
d. 990,000