(Answered) Question - given the following account balancesbull

Accounting

Question - Given the following account balances:

• Deferred inflows property tax at 9-30-16.......... 80,000

• Property tax levy current year........................900,000

• Encumbrances...........................................30,000

• Deferred inflows property tax at 9-30-17........... 50,000

• Estimated uncollectable taxes..........................2%

What amount is reported as REVENUES for the fiscal year 10-01-16 to 9-30-17?

A. $852,000

B. $900,000

C. $882,000

D. $912,000

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