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Business, 01.04.2021 15:10 lulu123r

The Town of Trent levied property taxes of $910,000 on January 1, 2018, for calendar year 2018 and immediately set up an allowance of $10,000 for uncollectible taxes. The town collected $870,000 in cash during 2018. It expected to collect $22,000 of the unpaid taxes during the first 60 days of 2019 and an additional $8,000 during the rest of 2019. how much should the village report as Deferred inflows--Property taxes in its 2018 General Fund financial statements

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The Town of Trent levied property taxes of $910,000 on January 1, 2018, for calendar year 2018 and i...

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