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book Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson cover

Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson

Edition 17ISBN: 978-1259564239
book Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson cover

Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson

Edition 17ISBN: 978-1259564239
Exercise 8
State whether each of the following items should be classified as taxes, licenses and permits, intergovernmental revenues, charges for services, fines and forfeits, or miscellaneous revenue in a governmental fund.
a. Sales and use taxes levied by the government.
b. Payments by citizens for use of the city pool.
c. Building permits to construct a deck at a residence.
d. Traffic violation penalties.
e. Federal community development block grant.
f. Donation of bonds by a wealthy resident.
g. Charges to a local university for extra city police protection during sporting events.
h. Barbers and hairdressers' registration fees.
Explanation
Verified
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Classification of estimated revenues:
A...

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Accounting for Governmental & Nonprofit Entities 17th Edition by Jacqueline Reck,Suzanne Lowensohn,Earl Wilson
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