Which of the following is the most logical reason why the financial analyst needs to be aware of the property tax calendar, available in the notes to the financial statements?

Question

Quizplus · Accepted Answer

Some governments obtain large amounts of revenues from property taxes. Although property taxes generally are collected twice a year, 6 months apart, the first payment may be due before the fiscal year begins, at any time during the year, or even in the next year. The tax calendar can therefore affect an entity's cash flows and need for short-term borrowing. It may also help explain the size of amounts reported as cash, taxes receivable, deferred inflows of resources, notes payable, interest revenue, and interest expenditure/expense.

Which of the Following Is the Most Logical Reason Why