How much should be reported as taxes receivable, Accounting Basics

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How much should be reported as taxes receivable

Ledford County levied property taxes of $10,000,000, 2% of which is expected to be uncollectible. Prior to this new levy, the county still had $ 350,000 of uncollected taxes from previous years. How much should be reported as Taxes Receivable after the new levy has been recorded?

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Accounting Basics: How much should be reported as taxes receivable

Reference No:- TGS053367

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Recent Questions Asked Accounting Basics

Q : Calculating the required return for project

Q : Paid for a parking lot and walkways and driveways

Q : What is the price elasticity over this time period

Q : Calculate the company dividends

Q : How much should be reported as taxes receivable

Q : Personal-property and liability risks

Q : Explain set up a game designed to help a consumer decide

Q : Cost of direct labor problem

Q : Explain making the union a take it or leave it offer

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: How much should be reported as taxes receivable

Reference No:- TGS053367

Recent Questions Asked Accounting Basics

Q : Calculating the required return for project

Q : Paid for a parking lot and walkways and driveways

Q : What is the price elasticity over this time period

Q : Calculate the company dividends

Q : How much should be reported as taxes receivable

Q : Personal-property and liability risks

Q : Explain set up a game designed to help a consumer decide

Q : Cost of direct labor problem

Q : Explain making the union a take it or leave it offer

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