Governments Must Record a Liability for Uncollected Taxes Instead of Revenues

question 16

Multiple Choice

Governments must record a liability for uncollected taxes instead of revenues for uncollected taxes if the taxes are going to be collected

• A)30 days after the fiscal year end.
• B)45 days after the fiscal year end.
• C)60 days after the fiscal year end.
• D)120 days after the fiscal year end.

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