Author Question: A public accountant can achieve professional recognition as a Certified Public Accountant by meeting ... (Read 171 times)

Engineer · **on:** Jul 5, 2018

A public accountant can achieve professional recognition as a Certified Public Accountant by meeting certain educational and experience requirements as determined by each state.
a. True
b. False
Indicate whether the statement is true or false

Question 2

At the beginning of the year 2013, a town recorded General Fund property tax receivables of 600,000 . By year-end (December 31), taxpayers had paid a total 575,000 .

Based on previous experience, the town expected to collect the 25,000 of delinquent taxes as follows: 10,000 in January and February of 2014 and 15,000 between March and August of 2014 . How much should the town report as property tax revenue in its General Fund statements for the year 2013?
a. 585,000
b. 600,000
c. 590,000
d. 575,000