Which of the Following Is Not a True Statement Regarding

question 6

Multiple Choice

Which of the following is not a true statement regarding revenues from various types of nonexchange transactions?

• A) Derived tax revenues occur as a result of sales and or income tax.
• B) Imposed nonexchange revenues consist of only fines and penalties assess by the governing agency.
• C) Government mandated nonexchange transactions includes grants from the federal government to the local public school system for a free lunch program.
• D) Voluntary nonexchange transactions can originate from a governmental agency or private citizen organization.
• E) Imposed nonexchange transactions revenue recognition is made in the time period when the resulting resources are required to be used or in the first period in which use is permitted.

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Definitions:

Email

A method of exchanging digital messages over the Internet, utilizing a protocol such as SMTP for sending and IMAP or POP3 for receiving.

Culturally Sensitive

The awareness and consideration of cultural differences and similarities when interacting with people from various backgrounds.

Culturally Diverse

Characterized by the inclusion of people from various racial, ethnic, and cultural backgrounds.

Slowly Progressing

The rate of advancement or development that is gradual and steady, often indicating meticulous attention to details or careful planning.