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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.
-When preparing the General Fund financial statements,how much property tax revenue should be recognized from this levy for the year ended June 30,2014?
Indirect Approach
A method of communication where the main point or message is not presented directly at the beginning.
Negative News Message
A type of communication that delivers bad or unwelcome news, often requiring careful wording to mitigate negative reactions.
Approach
A method or strategy used to tackle a problem, task, or project, often implying a particular way of thinking or viewpoint.
Negative Organizational News
Information or developments within a company that are unfavorable, distressing, or detrimental to its stakeholders.
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