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How much property tax revenue should it recognize

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Question - The General Fund levies property taxes in the amount of $1,000,000 for calendar year 2019. It expects to collect $950,000 during the year, $30,000 in the first 60 days of the next year, and $15,000 during the rest of the next year. It does not expect to collect the remaining $5,000. How much property tax revenue should it recognize for the year 2019?

Reference no: EM132643120

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