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Governments have many types of revenues, including: Property taxes. Sales taxes. Income taxes. Licenses and permits. Fines. Grants and donations. Sales of capital assets. On-behalf

Governments have many types of revenues, including:

Property taxes.

Sales taxes.

Income taxes.

Licenses and permits.

Fines.

Grants and donations.

Sales of capital assets.

On-behalf payments.

Referring to the list above, please respond to the following:

Which type of revenue might be most difficult for accountants to determine when to recognize in the financial statements? Explain your choice.

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