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Explain the broad revenue recognition guidance for governmental fund revenues. I 2 Identify the four categories of nonexchange transactions and when to recognize the related

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Explain the broad revenue recognition guidance for governmental fund revenues. I 2 Identify the four categories of nonexchange transactions and when to recognize the related assets and revenues. 3 Explain key differences between proprietary fund revenue recognition and governmental fund revenue recognition. 4 Identify and classify the most common sources of governmental fund revenues. 5 Apply the guidance for the levy, collection, revenue recognition, and enforcement of property taxes and other taxes

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