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During 2014, a State Has the Following Cash Collections Related

Question 7

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During 2014, a state has the following cash collections related to state income taxes During 2014, a state has the following cash collections related to state income taxes Assuming that the state defines available as the maximum period allowable for property taxes, what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes? A) $400. B) $475. C) $430. D) $465. Assuming that the state defines "available" as the maximum period allowable for property taxes, what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes?


A) $400.
B) $475.
C) $430.
D) $465.

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