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University of phoenix government 2305 test bank latest

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Merchants remit $800,000 to a county government in calendar year 2013 for sales taxes collected in 2013. In January, 2014, they send the county an additional $25,000 applicable to the year 2014. Based on past experience, the county expects to receive an additional $15,000 later in 2014, but applicable to 2013. How much should the county recognize as sales tax revenues when it prepares its fund and government-wide financial statements? Fund Statements | Government-wide Statements a. $800,000 | $800,000 b. $800,000 | $840,000 c. $825,000 | $825,000 d. $825,000 | $840,000 D

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Government 2305











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