property tax revenue
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Free Inquiry Zarr Town levied property taxes of $500,000, of which 1% is expected to be uncollectible. During the
year, Zarr Town collected $450,000. What amount of property tax revenue should Zarr Town report in its government-wide statement of activities for the current year?
A.$0
B.$450,000
C.$495,000
D.$500,000
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