Question:
recognizes the revenue as nonexchange or exchange revenue, depending on its nature, according to the applicable revenue standards.)

Does it follow that "The revenue is never recognized as nonexchange or exchange revenue."?
Answer:
no

Question:
The Clinton administration, most of the Senate, and a slew of economists opposed the bill, agreeing that it would invite protectionist retaliation from other countries.

Does it follow that "The Clinton administration and most of the Senate embraced the bill."?
Answer:
no

Question:
These sound like the kind of thing that The New Yorker might put at the bottom of a page, under the headline Pronouncements We Doubt Really Got Pronounced.

Does it follow that "These seem the kind of articles The New Yorker would publish."?
Answer:
yes

Question:
The surrounding area is well known for its bird life.

Does it follow that "There are many birds in the area."?
Answer:
yes