Question - Given the following account balances:
• Deferred inflows property tax at 9-30-16.......... 80,000
• Property tax levy current year........................900,000
• Encumbrances...........................................30,000
• Deferred inflows property tax at 9-30-17........... 50,000
• Estimated uncollectable taxes..........................2%
What amount is reported as REVENUES for the fiscal year 10-01-16 to 9-30-17?
A. $852,000
B. $900,000
C. $882,000
D. $912,000