ment-mandated non-exchange transactions.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:### Question
Grant money received from another level of government represents which of the following classes of non-exchange transactions for governmental funds?
### Answer Choices
- A) Government-mandated non-exchange transactions.
- B) Derived tax revenues.
- C) Imposed non-exchange revenues.
- D) Voluntary non-exchange transactions.
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