During 2017, a State Has the Following Cash Collections Related

question 60

Multiple Choice

During 2017, a state has the following cash collections related to state income taxes Assuming that the state defines "available" as the maximum period allowable for property taxes, what is the amount of revenue that will be recognized in the 2017 governmental fund financial statements related to state income taxes?

• A) $400.
• B) $430.
• C) $465.
• D) $490.

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Definitions:

Unit Area

A specific measurement used to describe the quantity of an object or substance within a defined area of space.

Keystone Species

A species whose presence in an ecosystem largely determines the species composition and functioning of that ecosystem.

Poison Arrow Frogs

A group of brightly colored frogs that are known for their powerful toxins, which indigenous people have used on the tips of arrows or darts for hunting.

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