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Governments Must Record a Liability for Uncollected Taxes Instead of Revenues

Question 16

Multiple Choice

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) 120 days after the fiscal year end.

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