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There are four types of nonexchange transactions.Taxes and other assessments that do not result from anunderlying transactionis called imposed nonexchange revenues. Provide an example of
There are four types of nonexchange transactions.Taxes and other assessments that do not result from anunderlying transactionis called "imposed nonexchange revenues."
Provide an example of imposed nonexchange revenues and explain how the revenues should be recognized under the modified accual basis?
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