This question has been answered by sverma1 on Jan 15, 2013. View Solution
rachmjohnson posted a question Jan 15, 2013 at 5:21pm
5. 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 may have 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.

answered the question Jan 15, 2013 at 6:26pm
Questions Answered: 651
Solution attached  View Full Answer

Download Preview: