2 2 A city levies a 2 percent sales tax Sales taxes must be remitted by the merchants to the City by the twentieth day of the month following the month in which the sale occurred Cash received by the city related to sales taxes is as follows Amount received 1 2 0 1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2 2 0 1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received during 2 0 1 7 related to February November 2 0 1 7 sales $ 4 0 0 Amount received 1 2 0 1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2 2 0 1 8 for January 2 0 1 7 $ 4 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize in the governmental fund financial statements as sales tax revenue for the fiscal year ended 1 2 3 1 1 7 a ) $ 4 3 0 b ) $ 5 3 0 c ) $ 5 4 0 d ) $ 5 5 0 2 3 A city levies a 2 percent sales tax Sales taxes must be remitted by the merchants to the city by the twentieth day of the month following the month in which the sale occurred Cash received by the city related to sales taxes is as follows Amount received 1 2 0 1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2 2 0 1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received during 2 0 1 7 related to February November 2 0 1 7 sales $ 4 0 0 Amount received 1 2 0 1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2 2 0 1 8 for January 2 0 1 8 $ 4 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize in the government wide financial statements as sales tax revenue for the fiscal year ended 1 2 3 1 1 7 a ) $ 4 3 0 b ) $ 5 3 0 c ) $ 5 4 0 d ) $ 5 5 0 2 4 A city levies a 2 percent sales tax that is collected for them by the state Sales taxes must be remitted by the merchants to the state by the 2 0 th day of the month following the month in which the sale occurred The state has a policy of remitting sales taxes to the city within 3 0 days of collection by the state Cash received by the state related to sales taxes is as follows Amount received 1 2 0 1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2 2 0 1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received 3 2 0 1 7 , applicable to February 2 0 1 7 sales $ 2 0 Amount received during 2 0 1 7 related to March November 2 0 1 7 sales $ 3 8 0 Amount received 1 2 0 1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2 2 0 1 8 for January 2 0 1 8 $ 4 0 Amount received 3 2 0 1 8 for February 2 0 1 8 $ 1 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its governmental fund financial statements for the fiscal year ended 1 2 3 1 1 7 a ) $ 4 3 0 b ) $ 5 3 0 c ) $ 5 4 0 d ) $ 5 5 0 2 5 A city levies a 2 percent sales tax that is collected for them by the state Sales taxes must be remitted by the merchants to the state by the twentieth day of the month following the month in which the sale occurred The state has a policy of remitting sales taxes to the city within 3 0 days of collection by the state Cash received by the state related to sales taxes is as follows Amount received 1 2 0 1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2 2 0 1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received 3 2 0 1 7 , applicable to February 2 0 1 7 sales $ 2 0 Amount received during 2 0 1 7 related to March November 2 0 1 7 sales $ 3 8 0 Amount received 1 2 0 1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2 2 0 1 8 for January 2 0 1 8 $ 4 0 Amount received 3 2 0 1 8 for February 2 0 1 8 $ 1 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its government wide financial statements for the fiscal year ended 1 2 3 1 1 7 a ) $ 4 3 0 b ) $ 5 3 0 c ) $ 5 4 0 d ) $ 5 5 0

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2 2   A city levies a 2 percent sales tax  Sales taxes must be remitted by the merchants to the City by the twentieth day of the month following the month in which the sale occurred  Cash received by the city related to sales taxes is as follows  Amount received 1   2 0   1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2   2 0   1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received during 2 0 1 7 related to February   November 2 0 1 7 sales $ 4 0 0 Amount received 1   2 0   1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2   2 0   1 8 for January 2 0 1 7 $ 4 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize in the governmental fund financial statements as sales tax revenue for the fiscal year ended 1 2   3 1   1 7   a ) $ 4 3 0   b ) $ 5 3 0   c ) $ 5 4 0   d ) $ 5 5 0   2 3   A city levies a 2 percent sales tax  Sales taxes must be remitted by the merchants to the city by the twentieth day of the month following the month in which the sale occurred  Cash received by the city related to sales taxes is as follows  Amount received 1   2 0   1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2   2 0   1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received during 2 0 1 7 related to February   November 2 0 1 7 sales $ 4 0 0 Amount received 1   2 0   1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2   2 0   1 8 for January 2 0 1 8 $ 4 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize in the government   wide financial statements as sales tax revenue for the fiscal year ended 1 2   3 1   1 7   a ) $ 4 3 0   b ) $ 5 3 0   c ) $ 5 4 0   d ) $ 5 5 0   2 4   A city levies a 2 percent sales tax that is collected for them by the state  Sales taxes must be remitted by the merchants to the state by the 2 0 th day of the month following the month in which the sale occurred  The state has a policy of remitting sales taxes to the city within 3 0 days of collection by the state  Cash received by the state related to sales taxes is as follows  Amount received 1   2 0   1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2   2 0   1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received 3   2 0   1 7 , applicable to February 2 0 1 7 sales $ 2 0 Amount received during 2 0 1 7 related to March   November 2 0 1 7 sales $ 3 8 0 Amount received 1   2 0   1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2   2 0   1 8 for January 2 0 1 8 $ 4 0 Amount received 3   2 0   1 8 for February 2 0 1 8 $ 1 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its governmental fund financial statements for the fiscal year ended 1 2   3 1   1 7   a ) $ 4 3 0   b ) $ 5 3 0   c ) $ 5 4 0   d ) $ 5 5 0   2 5   A city levies a 2 percent sales tax that is collected for them by the state  Sales taxes must be remitted by the merchants to the state by the twentieth day of the month following the month in which the sale occurred  The state has a policy of remitting sales taxes to the city within 3 0 days of collection by the state  Cash received by the state related to sales taxes is as follows  Amount received 1   2 0   1 7 , applicable to December 2 0 1 6 sales $ 1 0 0 Amount received 2   2 0   1 7 , applicable to January 2 0 1 7 sales $ 3 0 Amount received 3   2 0   1 7 , applicable to February 2 0 1 7 sales $ 2 0 Amount received during 2 0 1 7 related to March   November 2 0 1 7 sales $ 3 8 0 Amount received 1   2 0   1 8 for December 2 0 1 7 sales $ 1 1 0 Amount received 2   2 0   1 8 for January 2 0 1 8 $ 4 0 Amount received 3   2 0   1 8 for February 2 0 1 8 $ 1 0 Assuming the city uses the same period to define available as the maximum period allowable for property taxes, what amount should it recognize as sales tax revenue in its government   wide financial statements for the fiscal year ended 1 2   3 1   1 7   a ) $ 4 3 0   b ) $ 5 3 0   c ) $ 5 4 0   d ) $ 5 5 0

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2 2 . A city levies a 2 percent sales tax. Sales taxes must be remitted by the merchants to the City by the twentieth

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