The Revenue Classifications Recommended by GASB Standards Are Listed Below

question 32

Short Answer

The revenue classifications recommended by GASB standards are listed below:
A.Taxes
B.Licenses and permits
C.Intergovernmental revenue
D.Charges for services
E.Fines and forfeits
F.Miscellaneous
For each revenue source listed below indicate its correct classification by placing the appropriate letter in the blank space next to the item.
____ 1.Capital grant received by a city from a state
____ 2.Property tax levied by city
____ 3.Library use fees
____ 4.Building permit
____ 5.Speeding ticket

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Definitions:

Employee Engagement

The degree of enthusiasm and dedication an employee has towards their job and company, often resulting in higher productivity and job satisfaction.

Industrial Machines

Equipment designed for use in the manufacturing and processing of goods and materials.

Industrial-Organizational Psychology

A field of psychology that applies psychological theories and principles to organizations, focusing on workplace behavior and improving employee performance and well-being.

Social Psychology

The scientific study of how individuals think, influence, and relate to one another within a societal context.