Which of the following is not a classification of non-exchange transactions?
A. Government-mandated non-exchange transactions.
B. Voluntary non-exchange transactions.
C. Imposed non-exchange revenues.
D. Derived tax expenditures.
E. Derived tax revenues.
Answer: D
You might also like to view...
Which of the following should be deducted from net income in calculating net cash flow from operating activitiesusing the indirect method?
a. depreciation expense b. gain on sale of land c. a loss on the sale of equipment d. dividends declared and paid
A well-designed conclusion summarizes key ______ the speaker shared.
Fill in the blank(s) with the appropriate word(s).
Generally accepted accounting principles
a. are accounting adaptations based on the laws of economic science. b. derive their credibility and authority from legal rulings and court precedents. c. derive their credibility and authority from the federal government through the financial reporting section of the SEC. d. derive their credibility and authority from general recognition and acceptance by the accounting profession.
Which type of fund is created during a campaign’s quiet phase?
A. major B. nucleus C. nest egg D. wrap-up