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    Revenue and Receivables

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    The town of Marysville estimates that 5% of its property tax revenues are noncollectable. The town typically levies and collects all taxes within the tax year that the tax revenue is intended to benefit. For the fiscal year ended June 30, 2006, Marysville levied $2,000,000 in taxes and record what amounts as revenue and receivables?

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    https://brainmass.com/business/receivables/revenue-receivables-151066

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