Which of the following is not a classification of nonexchange transactions according to GASB Statement Number 33?
A) Derived tax expenditures.
B) Voluntary nonexchange transactions.
C) Government-mandated nonexchange transactions.
D) Derived tax revenues.
E) Imposed nonexchange revenues.

Question

Quizplus · Accepted Answer

Derived tax expenditures are not a classification of nonexchange transactions according to GASB Statement Number 33. The correct classifications include derived tax revenues, imposed nonexchange revenues, government-mandated nonexchange transactions, and voluntary nonexchange transactions.

Which of the Following Is Not a Classification of Nonexchange