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The following data applies to the next three questions:
The City of Charlestown levied property taxes in the amount of $9,000,000. It is estimated that 2% will not be collected. The taxes were levied July 1, 2013 for the fiscal year ended June 30, 2014. During the year ended June 30, 2014, $7,900,000 in property taxes were collected from this levy. It is estimated that $620,000 will be collected during the next 60 days, $300,000 will be collected more than 60 days after June 30, 2014, and $180,000 will never be collected.
-How much will the city report as Deferred Property Taxes in its June 30,2014 government-wide Statement of Net Assets?
Large States
In the context of U.S. history, refers to states with larger populations that sought greater representation in Congress during the formation of the Constitution.
Small States
Countries or regions with relatively low population and/or land area, often with limited economic or political power on the global stage.
Northern States
Refers to those states in the United States located in the North, historically known for their opposition to slavery during the Civil War era.
Southern States
States located in the southern region of the United States, often characterized by unique historical, cultural, and social traits.
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