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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 4: Accounting for Governmental Operating Activities–Illustrative Transactions and Financial Statements
  5. Question
    Property Tax Revenue Is an Example of a Nonexchange Revenue-One
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Property Tax Revenue Is an Example of a Nonexchange Revenue-One

Question 3

Question 3

True/False

Property tax revenue is an example of a nonexchange revenue-one in which the government receives value without directly giving equal value in exchange.

Correct Answer:

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