For the fiscal year ended june 30 year 1 ocean oaks levied, Ask an Expert

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The city of ocean oaks estimates that five percent of its property tax revenues are uncollectible. the city typically levies and collects all taxes within the year that the tax revenue is intended to benefit. For the fiscal year ended june 30 year 1, ocean oaks levied $2,000,000 in taxes. What would they record for revenue and receivable?

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Accounting Basics, Accounting

Category:- Accounting Basics
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