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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
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    Which of the Following Would Not Be a Nonexchange Transaction
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Which of the Following Would Not Be a Nonexchange Transaction

Question 131

Question 131

Multiple Choice

Which of the following would not be a nonexchange transaction for a state government?


A) Sales of lottery tickets.
B) Property taxes.
C) Fines and forfeits.
D) Income taxes.

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