9. The general fund of the City of Dubai revenue (levy) of $3,000,000...
80.2K
Verified Solution
Link Copied!
Question
Accounting
9. The general fund of the City of Dubai revenue (levy) of $3,000,000 for the fiscal year beginning on January 1, 2019. It was estimated that 1% of the levy would be uncollectible. During the period January 1, 2019, through December 31, 2016, $2,960,000 of the levy was collected. At December 31, 2019, Dubai estimated that $10,000 of levied in 2019 would be collected during the first 60 days of 2020. What amount of revenue (levy) should be reported by the general fund for the year ended December 31, 2019?
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
