1&2

When the government coliects funds frem it's citizens or other parties, pursuant to Grise No. 33, this is a nonexchange revence (in other words its not a sale, it is a taking). There are four major categoriss that are set forth in GASB No. 33. The collectian of transient occupancy taxes best fits which catogory? a. none of the choices are valid. b. voluntary nonexchange vansactions c. derived tax tevenues a. all of the choices arevalig e-impoted nonexchange revenues 1. govecnment mansated nonexchange transactions On real estate taxes, what is the maximum period after the end of the year that real estate taxes will still be added to income for the current year? a. Whatever the govemmental entity sets before the start of the year and appears reasonable b. 120 days C. 60 days d. 30 daya e. 90 days