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Business, 05.12.2019 06:31 naenae2cold12021

On the first day of its fiscal year (january 1, 2019), a town recorded general fund property tax receivables of $600,000. by year-end (december 31), taxpayers had paid a total $575,000. based on previous experience, the town expected to collect the $25,000 of delinquent taxes as follows: $10,000 in january and february of 2020 and $15,000 between march 5th and august 30th of 2020. how much should the town report as property tax revenue in its general fund statements for the year 2019?

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