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In November and December 2017, merchants collect $20 million in sales taxes. Of these, $5 million is remitted to the state as due by December
In November and December 2017, merchants collect $20 million in sales taxes. Of these, $5 million is remitted to the state as due by December 15, 2017; the remaining $15 million is due on January 15, 2018. The state will recognize sales tax revenue for FY 2017 How much deferred inflow of resources should the city recognize at 2017? $20 Mill $15 Mill O $5 Mill $0 Mill
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