The City of Charlotte Reported Property Tax Revenues in 2014

Multiple Choice

The City of Charlotte reported property tax revenues in 2014 in the amount of $10 million.The deferred property taxes reported in the General Fund's balance sheet was $ 300,000 on December 31,2013 and was $ 375,000 on December 31,2014.During 2014,$9,000,000 was collected.What amount should the city report for Property Tax Revenue in its year ended December 31,2014 government-wide Statement of Activities?

A) $ 9,075,000
B) $ 9,975,000
C) $ 10,075,000
D) $ 10,375,000