Golden City typically levies and collects all taxes within the tax year that the tax revenue is intended to benefit. During Y1, Golden levies $1,000,000 in property taxes and estimated 10% of them are uncollectible. How should Golden recognize the property taxes in Y1?

Revenue Receivable A. $1,000,000 $1,000,000 B. $900,000 $1,000,000 C. $900,000 $900,000 D. $1,000,000 $900,000