Business
Business, 16.08.2021 23:50, AshyCakes

Davis County has a December 31 year end and typically bills and collects occupational license fees for regulated businesses in its jurisdiction in the year before the license is valid. In October of Year 1, Davis County billed for Year 2 occupational license fees in the amount of $250,000. The county had fully collected these fees by December 31, Year 1. In its Year 1 financial statements, Davis would record:

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Davis County has a December 31 year end and typically bills and collects occupational license fees f...

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