A City That Has a 12/31 Fiscal Year End Has

question 24

Multiple Choice

A city that has a 12/31 fiscal year end has adopted a policy of recognizing the maximum amount of property tax revenue allowable under GAAP.Property taxes of $720,000 (of which 10 percent are estimated to be uncollectible) are levied in October 2013 to finance the activities of the fiscal year 2014.During 2014, cash collections related to property taxes levied in October 2013 were $600,000.In 2015 the following amounts related to the property taxes levied in October 2013 were collected: January $30,000; March, $6,000.For the fiscal year ended 12/31/14, what amount should be recognized as property tax revenues related to the 2013 levy on the governmental fund financial statements?

• A)$720,000.
• B)$648,000.
• C)$630,000.
• D)$600,000.

Understand the impact of personal experiences and social interactions on moral reasoning and moral behavior.

Explain the role of cognitive rationales and punishment in resisting temptation and developing self-control.

Understand the role of HR in managing complexity within organizations.

Understand the physiological causes and management of primary dysmenorrhea.

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Definitions:

Organizational Inertias

The tendency of an organization to continue on its current trajectory despite changes in the external environment, often due to resistance to change.

Open Innovation

A business model that encourages collaboration with individuals or companies outside an organization to jointly develop new products or services.

Precise Protocol

A specific, well-defined procedure or set of rules designed to achieve accuracy and efficiency in a particular context.

Target Market

The segment of consumers most likely to be interested in a company's products or services, identified for marketing efforts.