The City of Charlotte Reported Property Tax Revenues in 2017

Multiple Choice

The City of Charlotte reported property tax revenues in 2017 in the amount of $10 million. The deferred inflow - property taxes reported in the General Fund's balance sheet was $ 300,000 on December 31, 2016 and was $ 375,000 on December 31, 2017. During 2017, $9,000,000 was collected. What amount should the city report for Property Tax Revenue in its year ended December 31, 2017 government-wide Statement of Activities?

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