Multiple Choice
The journal entry to record the prior year's deferred property taxes (those expected to be collected more than 60 days beyond year end) as revenue in the current year would include:
A) A debit to Revenues Control
B) A debit to Deferred Revenues
C) A credit to Revenues Control
D) B and C would both be included in the journal entry
Correct Answer:
Verified
Correct Answer:
Verified
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