Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 4, Problem 10Q
To determine

Indicate the four classes of non-exchange transactions as defined by GASB (Government Accounting Standards Board), and discuss the rules applicable to each class to recognize revenue and expenditure or expense.

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