louiekahn1735 louiekahn1735

02-11-2022
Business

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the town of trent levied property taxes of $910,000 on january 1, 2018, for calendar year 2018 and immediately set up an allowance of $10,000 for uncollectible taxes. the town collected $870,000 in cash during 2018. it expected to collect $22,000 of the unpaid taxes during the first 60 days of 2019 and an additional $8,000 during the rest of 2019. how much should the village report as deferred inflows--property taxes in its 2018 general fund financial statements?

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