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

question 42

Multiple Choice

A city which 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 $600,000 (of which 10% are estimated to be uncollectible) are levied in October 1999 to finance the activities of the fiscal year 2000.During 2000, cash collections related to property taxes levied in October 1999 were $500,000.In 2001 the following amounts related to the property taxes levied in October 1999 were collected: January $25,000; March, $5,000.For the fiscal year ended 12/31/00, what amount should be recognized as property tax revenues related to the 1999 levy on the fund financial statements?

• A)$600,000.
• B)$540,000.
• C)$525,000.
• D)$500,000.

Recognize the importance of jurisdiction in the context of state, federal, and highest courts.

Identify the hormone produced by different cell types.

Associate endocrine glands with their secreted hormones.

Describe the effects and functions of various hormones.

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Definitions:

Sense of Urgency

A perception or feeling that immediate action is necessary, often to capitalize on an opportunity or avoid a threat.

Quest for Achievement

The drive or ambition to accomplish goals, success, or recognition in one's activities or endeavors.

Results

The outcomes or conclusions derived from actions, experiments, or processes, often used to determine the effectiveness or success of an endeavor.

Not Gamblers

Individuals or entities that prioritize risk management and careful planning over relying on chance for success.