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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 4: Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements
  5. Question
    Why Might the Property Tax Revenue in a Given Year
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Why Might the Property Tax Revenue in a Given Year

Question 22

Question 22

Essay

Why might the property tax revenue in a given year differ between the governmental funds statement of revenues, expenditures, and changes in fund balances and the governmental activities column of the statement of activities?

Correct Answer:

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In any given year, the full portion of p...

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