Business, 10.04.2020 20:33, amselah4955
Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Prior to this new levy, the county still had $350,000 of uncollected taxes from previous years.
How much should be reported as Taxes Receivable after the new levy has been recorded?
(Hint: You mayhave more than one category of Taxes Receivable.)
a.$ 9,800,000
b.$10,000,000
c.$10,150,000
d.$10,350,000
e. None of the above.
Answers: 3
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Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Pr...
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