Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 13

The City of Danmark is preparing financial statements. Officials are currently working on the statement of activities within the government-wide financial statements. A question has arisen as to whether a particular revenue should be identified on government-wide statements as a program revenue or a general revenue.
Required
Locate a copy (either in hard copy or online) of GASB's Codification of Governmental Accounting and Reporting Standards. Either through an online search or a review of the index, answer each of the following questions.
1. How is a program revenue defined
2. What are common examples of program revenues
3. How is a general revenue defined
4. What are common examples of general revenues