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:

Interval Data

A type of numerical data which not only has order, but also has meaningful differences between values, though it lacks a true zero point (e.g., temperature in Celsius).

Ordinal

A type of data or scale that shows an ordered relationship among the variable's possible values, but does not specify the magnitude of difference between them.

Nominal

Referring to data classified into categories without a natural order or ranking among the categories.

Interval Data

A type of data that consists of numerical scores that exist on a scale with equal intervals between values but no true zero point.