Multiple Choice
The journal entry to record the prior year's deferred Inflows: 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 Inflows: 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
Q9: A transfer should be reported in the
Q11: When establishing funds, governments should attempt to
Q14: The Town of Little River expects to
Q15: Expenditures for claims and judgments and landfill
Q20: A donor pledged $200,000 to the fund
Q72: When closing the General Fund and Special
Q84: After closing entries, a special revenue fund's
Q93: Interfund Transfers are flows of cash or
Q99: In February, X City ordered $550,000 of
Q108: Under the purchases method to account for