Business, 25.12.2019 02:31 chloespalding

In a particular year, the haynes independent school district collects $100 million in property taxes. state law requires that property-rich school districts appropriate and contribute 2 percent of all property taxes that they collect to a state pool, which will be divided among property-poor districts. upon receipt of the taxes, the haynes district, which the state considers a property-rich district, should account
a.$100 million in an agency fund
b.$98 million in a governmental fund and $2 million in an agency fund
c.$100 million in a governmental fund
d.$98 million in a governmental fund and $2 million in a ﬁduciary fund other than an agency fund

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In a particular year, the haynes independent school district collects $100 million in property taxes...

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