Essay
For each revenue source listed indicate its correct classification recommended by GASB standards.
A. Taxes
B. Licenses and permits
C. Intergovernmental revenue
D. Charges for services
E. Fines and forfeits
F. Miscellaneous
________ 1. Capital grant received by a city from a state
________ 2. Property tax levied by city
________ 3. Library use fees
________ 4. Building permit
Correct Answer:
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1. C
2. A...View Answer
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Correct Answer:
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2. A...
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