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    Advanced Financial Accounting Study Set 5
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    Exam 17: Governmental Entities: Introduction and General Fund Accounting
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    Which of the Following Items Is Not Recognized as Revenue
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Which of the Following Items Is Not Recognized as Revenue

Question 41

Question 41

Multiple Choice

Which of the following items is not recognized as revenue by a governmental unit?


A) Sales tax proceeds
B) Property tax levies
C) Bond proceeds
D) Grants received from other governmental units

Correct Answer:

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