The City of Danmark is preparing financial statements. Officials are currently working on the statement of activities within the government-wide financial statements. A question has arisen as to whether a particu¬ lar revenue should be identified on government-wide statements as a program revenue or a general revenue.

Required Use a copy of GASB Statement 34 to answer each of the following questions. LO9 1. How is a program revenue defined?

2. What are common examples of program revenues?

3. How is a general revenue defined?

4. What are common examples of general revenues?