Question

Which of the following is considered a source of general revenue in the Government-wide Statement of Activities?

A) Charges for Services
B) Operating Grants
C) Sales Tax

Answer 1

C) Sales Tax

Step-by-step explanation:

The Government-wide Statement of Activities shows the revenues and expenses of the government and the general revenues indicate all the taxes, aid received from other governments and earnings from investments. According to that, the answer is that the option that is considered a source of general revenue in the Government-wide Statement of Activities is sales tax.