Central City levies taxes of $950,000 in 2019. It collects $ 600,000 of this in...

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Accounting

Central City levies taxes of $950,000 in 2019. It collects $ 600,000 of this in 2019, $180,000 in February 2020, $120,000 in May 2020 and the remaining in February 2021. The fiscal year of the City ends on December 31. In 2019, the city will recognize tax revenues at the governmental activities level of:

$600,000

$780,000

$900,000

$950,000

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