During the current year, Star County levied $3,000,000 in property taxes, 1.5% of which is...
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Accounting
During the current year, Star County levied $3,000,000 in property taxes, 1.5% of which is expected to be uncollectible. During the year, the county collected $2,700,000 and wrote off $25,000 as uncollectible. What amount should Star County report as property tax revenue in its government-wide statement of activities for the current year?
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