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For its fiscal year ending Sep 30,20times 2 , Twin City levied $500 million in property taxes. It collected taxes applicable to fiscal 20times 2

For its fiscal year ending Sep

30,20\\\\times 2

, Twin City levied

$500

million in property taxes. It collected taxes applicable to fiscal

20\\\\times 2

as follows (in millions):\ June 1, 20x1 through Sep 30, 20x1: $20\ Oct 1, 20x1 through

Sep30,20\\\\times 2:$440

\ Oct 1, 20x2 through Nov 30, 20x2: $15\ Dec 20x2:\

$4

\ The city estimates that

$10

million of the outstanding balance will be uncollectible. For the fiscal year ending Sep 30, 20x2, how much should Twin City recognize in property tax revenue(in millions) in its general fund and its government-wide statement of activiites respectively?\

$475,$490

\

$475,$475

\

$490,$475

\

$490,$490
image text in transcribed
For its fiscal year ending Sep 30,202, Twin City levied $500 million in property taxes. It collected taxes applicable to fiscal 202 as follows (in millions): June 1, 20x1 through Sep 30, 20x1: \$20 Oct 1, 20x1 through Sep 30, 20x2: $440 Oct 1,202 through Nov 30,202 : $15 Dec 20x2: $4 The city estimates that $10 million of the outstanding balance will be uncollectible. For the fiscal year ending Sep 30, 20x2, how much should Twin City recognize in property tax revenue(in millions) in its general fund and its government-wide statement of activiites respectively? $475,$490 $475,$475 $490,$475 $490,$490

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