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3-19. Classifying Revenues. (LO3-4) In the space provided, indicate whether each of the following items should be classified as taxes (T), licenses and permits (LP),
3-19. Classifying Revenues. (LO3-4) In the space provided, indicate whether each of the following items should be classified as taxes (T), licenses and permits (LP), intergovernmental revenues (I), charges for services (CS), fines and for- feits (FF), or miscellaneous revenues (M) in a governmental fund. 1. Sales and use taxes levied by the government. 2. Payments by citizens for library cards. 3. Building permits for a homeowner to remodel her house. 4. Escheat property obtained during the year. 5. Federal community development block grant. 6. Fees for added law enforcement during a parade sponsored by a not- for-profit organization. 7. Liquor license issued to a local restaurant. 8. Parking tickets. 9. State transportation grant. 10. Interest earned on a short-term investment.
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