Question
. In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate
. In addition to exchange revenues, GASB standards discuss four categories of nonexchange revenues. For each of the following revenues recognized by a city indicate the category into which it best fits.
A. A state grant that the city must accept and use to hire air pollution inspectors
________________________
B. Revenue from fees charged by the police department to monitor a charity bicycle ride
_______________________
C. Fines for traffic violations
_______________________
D. A federal grant to support general education services.
_______________________
E. Investments in the states investment pool.
________________________
F. Hotel occupancy tax.
________________________
G. Local option sales tax
________________________
H. City library late fees
________________________
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