Which of the Following Is Not a Program Revenues Classification

question 91

Multiple Choice

Which of the following is not a program revenues classification used in the governmental activities journal and reported in the government-wide statement of activities?

• A) User fees.
• B) Capital grants and contributions.
• C) Charges for services.
• D) Operating grants and contributions.

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Definitions:

Transfer of Real Property

The process by which ownership of land or property is moved from one party to another through a deed or other legal instrument.

Tangible Personal Property

Physical items owned by an individual or business, such as vehicles, furniture, and equipment, that are movable and not affixed to land.

Transfer of Title

The legal process of transferring ownership of property or an asset from one individual or entity to another.

Presumed

Accepted as true or valid based on the existing evidence or probability, without requiring proof or further demonstration.