Business
Business, 03.03.2020 03:59, tyjere

The journal entry to record the prior year’s deferred Inflows: property taxes (those expected to be collected more than 60 days beyond year-end) as revenue in the current year would include:

a. A credit to Revenues Control.
b. A debit to Deferred Inflows: Property Taxes; and a credit to Revenues Control.
c A debit to Deferred Inflows: Property Taxes.
d. A debit to Revenues Control.

answer
Answers: 1

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The journal entry to record the prior year’s deferred Inflows: property taxes (those expected to be...

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