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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 4: Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements
  5. Question
    The Estimated Revenues Account of a Government Is Debited When
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The Estimated Revenues Account of a Government Is Debited When

Question 14

Question 14

Multiple Choice

The Estimated Revenues account of a government is debited when:


A) The budget is recorded at the beginning of the year.
B) Property taxes are recorded.
C) The account is closed to fund balance-unassigned at the end of the year.
D) Property taxes are collected.

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