Which one of the following is most likely to be accrued as revenue by the general fund prior to receiving the cash?

Name: Which one of the following is most likely to be accrued as revenue by the general fund prior to receiving the cash?
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Question

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Property tax revenues are typically accrued as revenue by the general fund prior to receiving the cash because they are levied by governments with an expectation of collection within the fiscal period or shortly thereafter, allowing for accrual accounting recognition.

Which One of the Following Is Most Likely to Be