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The City of Queens's fiscal year ended September 30, 20x1. On December 20, 20x1, it received $12,000 from the state for sales taxes collected on

The City of Queens's fiscal year ended September 30, 20x1. On December 20, 20x1, it received $12,000 from the state for sales taxes collected on its behalf. The payment was for sales made in September that merchants were required to remit to the state by Oct 15. How much revenue should the City report on its Governmental Fund

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