Use the Following Information to Answer the Question(s)below

Multiple Choice

Use the following information to answer the question(s) below.
The town of Mayberry receives a gift of $500,000 in bonds.The contributor instructs that the principal should remain intact,but the annual interest income of $50,000 can be used for the maintenance of the zoo animals.
-Governments must record a liability for uncollected taxes instead of revenues for uncollected taxes if the taxes are going to be collected

A) 30 days after the fiscal year end.
B) 45 days after the fiscal year end.
C) 60 days after the fiscal year end.
D) 15 days after the fiscal year end.