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:

Functionalists

Scholars or theorists who analyze society, its entities, and phenomena based on the functions they perform in maintaining the social system.

Mental States

Conditions of consciousness or mind, such as thoughts, feelings, beliefs, desires, and intentions.

Material Embodiment

The physical manifestation or representation of a concept, value, or entity in material or tangible form.

Existential Account

A philosophical perspective that emphasizes individual freedom, choice, and responsibility, often associated with the human condition and existence.