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What amount should oak city report for 2012 property tax

Collections during 2012 $500,000 Expected collections during the first sixty days of 2013 100,000 Expected collections during the balance of 2013 60,000 Expected collections during January 2014 30,000 Estimated to be uncollectible 10,000 Total levy $700,000.

What amount should Oak City report for 2012 property tax revenues in the Statement of Revenues, Expenditures, and Changes in Fund Balances prepared for governmental funds?

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