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Business, 10.04.2020 20:33 amselah4955

Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Prior to this new levy, the county still had $350,000 of uncollected taxes from previous years.

How much should be reported as Taxes Receivable after the new levy has been recorded?

(Hint: You mayhave more than one category of Taxes Receivable.)

a.$ 9,800,000

b.$10,000,000

c.$10,150,000

d.$10,350,000

e. None of the above.

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Answers: 3

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