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USE THE FOLLOWING DATA TO ANSWER THE QUESTION.
Swamp City contains the following properties:
All property is currently taxed at 3% of assessed value.
-Which parcel has the lowest effective tax rate?
Beginning Inventory
The value of goods available for sale at the start of an accounting period, carried over from the previous period's closing inventory.
Earned Revenue
Income generated from business activities, recognized when goods are delivered or services are performed, regardless of payment timing.
Realized
Pertaining to gains or losses that have occurred and have been completed through the sale or other disposition of an asset.
Realizable
Pertaining to assets, it refers to the amount of money that can be received from their sale or disposal under normal circumstances.
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