Property Taxes Due and Collectible 90 Days After the 2020

question 76

Multiple Choice

Property taxes due and collectible 90 days after the 2020 fiscal year end would be recorded as revenues in 2020 in which journal?

A-

B-

C-

D-

• A) Choice A.
• B) Choice B.
• C) Choice C.
• D) Choice D.

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Definitions:

Round Off

The process of adjusting numbers to the nearest value with fewer digits, typically used to simplify calculations and results.

Cubic Yards

a unit of volume measurement, especially for measuring materials like soil or gravel, equivalent to the volume of a cube with sides of one yard.

Topsoil

The uppermost layer of soil, which is fertile and rich in nutrients, important for plant growth.

Landscaping Firm

A business that specializes in modifying the visible features of an area of land, including living elements, terrains, and structures.