Ask Question
BusinessBusiness
8 November, 21:26

Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of answer choices Government-mandated nonexchange transactions. Derived tax revenues Imposed nonexchange revenues Voluntary nonexchange transactions.

+3
Answers (1)
  1. 8 November, 22:29
    0
    B. Imposed Non Exchange Transactions

    Explanation:

    A non exchange transaction is a form of transaction whereby a party or a group or an individual receives something of value without directly giving value back in exchange. In non exchange transactions, a party gives value to another without directly receiving approximate value in exchanges. Grants, taxes, special assessments, fines and so on are all parts of non exchange transactions. However, taxes and fines are imposed non exchange transactions because they are assessed and not derived from transactions.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of answer choices ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
Lisa and lena own a shop together. they are partners in their business of 2 years. lisa is a designer; lena is a seamstress. lisa worries that if lena becomes disabled, that would affect their business.
Answers (1)
What is the second step in communication planning? Determine the purpose of the message Outline the communication for delivery Determine the best channel of communication Clarify objectives Identify the audience
Answers (1)
In a cost reconciliation schedule, costs accounted for is computed by adding the cost of the beginning work in process and the cost of units transferred out. ending work in process and the cost of units started into production.
Answers (1)
An instructor who is free to choose the textbook, design the course content, and use any relevant materials when delivering lectures has high levels of a. task significance b. feedback c. autonomy
Answers (1)
Yesterday, Berryman Investments was selling for $90 per share. Today, the company completed a 7-for-2 stock split. If the total market value was unchanged by the split, what is the price of the stock today? (Do not include the $ sign in your answer).
Answers (1)
New Questions in Business
Explain what is meant by market research.
Answers (1)
Jean, a restaurant critic, publishes a review in a national daily that the sandwiches served at his friend's deli are usually not fresh. Tom, the owner of the deli, notices a significant decrease in customers after the review gets published.
Answers (1)
Why did the Soviet Union experience many surpluses and shortfalls? A) The labor force wasn't well educated B) The cold climate made farming hard C) Central planners could not manage every detail D) The country depended on imports to obtain resources.
Answers (1)
A hospitality operation has sales revenue of $462,000 with variable cost averaging 44%. Fixed costs are $188,000. The owner wants a net income after tax of $50,400 based on a tax rate of 28%. a.
Answers (1)
True or false fdr was eager to use deficit spending to end the economic crisis.
Answers (1)
Home » Business » Property taxes and fines represent which of the following classes of nonexchange transactions for government units? Group of answer choices Government-mandated nonexchange transactions.
Sign Up Forgot Password?