Answered: Which of the following items is not…

Which of the following items is not recognized as revenue by a governmental unit? Group of answer choices a.) Sales tax proceeds b.) Bond proceeds c.) Property tax levies

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter9: Payroll, Estimated Payments, And Retirement Plans

Section: Chapter Questions

Problem 15MCQ

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Question

Which of the following items is not recognized as revenue by a governmental unit?

Group of answer choices

a.) Sales tax proceeds

b.) Bond proceeds

c.) Property tax levies

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