15) Using the revenue types shown below, match each of the revenue sources to a revenue...
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15) Using the revenue types shown below, match each of the revenue sources to a revenue type. Each revenue type may be used more than once. A. Derived Tax Revenues B. Imposed Nonexchange Revenues C. Government-Mandated Nonexchange Transactions D. Voluntary Nonexchange Transactions 1. Corporate income tax 2. Sales taxes 3. Liquor taxes 4. Fines and penalties paid to a government entity 5. Cigarette taxes 6. Personal income tax 7. Donation made to a government entity 8. Motor fuel tax 9. Property tax 15) Using the revenue types shown below, match each of the revenue sources to a revenue type. Each revenue type may be used more than once. A. Derived Tax Revenues B. Imposed Nonexchange Revenues C. Government-Mandated Nonexchange Transactions D. Voluntary Nonexchange Transactions 1. Corporate income tax 2. Sales taxes 3. Liquor taxes 4. Fines and penalties paid to a government entity 5. Cigarette taxes 6. Personal income tax 7. Donation made to a government entity 8. Motor fuel tax 9. Property tax
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SOLUTION The above can be solved as follows 1 Government mandated non exch... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133255584
4th Edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
Posted Date:
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