Ford County levies for its General Fund $2,000,000 in property taxes.In addition,the county is responsible for collecting $4,000,000 in property taxes for the consolidated school district and $1,000,000 in property taxes for a town within the county.2% of all taxes levied are expected to be uncollectible.When recording the levies in an agency fund,what amount would Ford County record as Taxes Receivable for Other Governments - Current and Due to Other Governments?
A) $6,900,000.
B) $5,000,000.
C) $7,000,000.
D) $4,900,000.
Correct Answer:
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