During 2014,a state has the following cash collections related to state income taxes $\begin{array}{ll}
\text { Payroll withholdings and estimated payments related to 2014 income } &\$ 360 \
\text {4 / 15 / 14 Balance of 2013 net of \$ 10 refunds) income taxes } &\$ 40 \
\text {1 / 15 / 15 payroll withholdings and estimated payments related to 2014 income } &\$ 30 \
\text { 2 / 15 / 15 payroll withholdings and estimated payments related to 2014 income } &\$ 35 \
\text { 3 / 15 / 15 payroll withholdings and estimated payments related to 2015 income} &\$ 25 \
\text { 4 / 15 / 15 Balnce of 2014 net of \$ 5 refunds) income taxes } &\$ 45 \
\end{array}$ Assuming that the state defines "available" as the maximum period allowable for property taxes,what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes?
A)$400.
B)$475.
C)$430.
D)$465.

Question

During 2014,a state has the following cash collections related to state income taxes $\begin{array}{ll}
 \text { Payroll withholdings and estimated payments related to 2014 income } &\$ 360 \
 \text {4 / 15 / 14   Balance of 2013 net of   \$ 10   refunds) income taxes  } &\$ 40 \
 \text {1 / 15 / 15   payroll withholdings and estimated payments related to 2014 income  } &\$ 30 \
 \text { 2 / 15 / 15   payroll withholdings and estimated payments related to 2014 income } &\$ 35 \
 \text {  3 / 15 / 15   payroll withholdings and estimated payments related to 2015 income} &\$ 25 \
 \text { 4 / 15 / 15 Balnce of 2014 net of   \$ 5   refunds) income taxes } &\$ 45 \
\end{array}$ Assuming that the state defines "available" as the maximum period allowable for property taxes,what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes?
A)$400.
B)$475.
C)$430.
D)$465.

Quizplus · Accepted Answer

The Answer of During 2014,a state has the following cash collections related to state income taxes $\begin{array}{ll}
 \text { Payroll withholdings and estimated payments related to 2014 income } &\$ 360 \
 \text {4 / 15 / 14   Balance of 2013 net of   \$ 10   refunds) income taxes  } &\$ 40 \
 \text {1 / 15 / 15   payroll withholdings and estimated payments related to 2014 income  } &\$ 30 \
 \text { 2 / 15 / 15   payroll withholdings and estimated payments related to 2014 income } &\$ 35 \
 \text {  3 / 15 / 15   payroll withholdings and estimated payments related to 2015 income} &\$ 25 \
 \text { 4 / 15 / 15 Balnce of 2014 net of   \$ 5   refunds) income taxes } &\$ 45 \
\end{array}$ Assuming that the state defines "available" as the maximum period allowable for property taxes,what is the amount of revenue that will be recognized in the 2014 government-wide financial statements related to state income taxes?
A)$400.
B)$475.
C)$430.
D)$465.

During 2014,a State Has the Following Cash Collections Related to State