Which of the following governmental fund revenue sources are typically recorded as revenues only as they are actually received in cash?
A. Property taxes.
B. Interest.
C. Building permit fees.
D. Reimbursement grants.
Question 2
Purchases differ from delivered cost of purchases by the amount of
a. Purchases Returns and Allowances, Purchases Discounts, and Freight In.
b. ending merchandise inventory.
c. the cost of goods available for sale.
d. the cost of goods sold.
e. beginning inventory.