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18) Ford County levies for its General Fund $1,000,000 in property taxes.

18) Ford County levies for its General Fund $1,000,000 in property taxes. In addition, the county is responsible for collecting $2,000,000 in property taxes for the consolidated school district and $500,000 in property taxes for a town within the county. 2% of all taxes levied are expected to be uncollectible. When recording the levies in an agency fund, what amount would Ford County record as Taxes Receivable for Other Governments – Current and Due to Other Governments?
A. $2,500,000
B. $3,500,000
C. $3,430,000
D. $2,450,000
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Question:
18) Ford County levies for its General Fund $1,000,000 in property taxes. In addition, the county
is responsible for collecting $2,000,000 in property taxes for the consolidated school...

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