Property taxes billed but not collected by the end of the fiscal period or within 60 days
Question:
Property taxes billed but not collected by the end of the fiscal period or within 60 days following the end of the fiscal period should be
a. charged to bad debt expense.
b. reported as deferred revenues, not as revenues.
c. reported as revenues but offset by an allowance for doubtful accounts.
d. reported as revenues as long as the taxes are expected to be collected within the next year.
e. excluded from taxes receivable.
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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