Why are nonrevenue financing sources and nonexpenditure uses of financial resources distinguished from governmental fund revenues and

Question:

Why are nonrevenue financing sources and nonexpenditure uses of financial resources distinguished from governmental fund revenues and expenditures?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

See More Books

Question Posted: Oct 25, 2014 04:51 AM

See More Questions

Revenues and expenditures are reported in governmental funds, and revenues and expenses are reported in proprietary funds. How do revenues and expenditures in governmental funds differ from revenues...
Distinguished Budget Presentation Award. You are a governmental accountant for a large municipality, and you have recently been assigned to the Budget office and charged with building a better budget...
Why do governmental fund financial statements use a different basis of accounting and measurement focus than the Governmental Activities column of the government-wide financial statements? Also,...
The following sample data have been collected from two independent samples from two populations. Test the claim that the second population median will exceed the median of the first population. a....
Is the statement by the philosopher Kierkegaard that "Life can only be understood backwards; but it must be lived forwards" consistent with the theory of special relativity?
In Kerns comparative ratio analysis, the 2018 inventory turnover ratio for Century Chocolate is closest to: A . 5.07. B . 5.42. C . 5.55. Hans Annan, CFA, a food and beverage analyst, is reviewing...
The probability that the first stage of a numerically controlled machining operation for high-rpm pistons meets specifications is 0.90 . Failures are due to metal variations, fixture alignment,...
Multiple Choice Questions 1. Mittelstaedt Inc., buys 60 percent of the outstanding stock of Sherry, Inc. Sherry owns a piece of land that cost $212,000 but had a fair value of $549,000 at the...
What do aggregate demand and supply curves look like in Ethiopia (real world)? Provide me the graphical representation to back up AD and AS curves.
Penny Lyman is the owner and operator of Go109, a motivational consulting business. At the end of its accounting period, December 31, 20Y1, Go109 has assets of $659,000 and liabilities of $165,000....
Explain why special items are sometimes referred to as one-shot revenues. Why are they not reported with other revenues? Review 10 governments General Fund financial statements from the Internet or...
The terms advance to (from) other funds and due from (to) other funds have distinct meanings in governmental fund accounting and financial reporting. Explain.
How can we tell whether two variables are linearly or nonlinearly related?
Explain the working of a centrifugal pump with a neat sketch.
Distinguish between the attorney-client privilege and the ethical rule of attorney-client confidentiality.
Describe at least three kinds of conflicts of interest that paralegals encounter in the family law setting.
Define and give an example of the unauthorized practice of law.
Define procedural fairness. What factors will a court consider in determining procedural fairness with respect to premarital agreements?
Design a logic circuit with input signal A, control input B, and outputs X and Y to operate as follows: 1. When B = 1, output X will follow input A, and output Y will be 0. 2. When B = 0, output X...
Open Text Corporation provides a suite of business information software products. Exhibit 10-9 contains Note 10 from the companys 2013 annual report detailing long-term debt. Required: a. Open Text...
The string on a helium balloon is attached inside a car at rest, as shown in Figure 9.22 (a). If the car accelerates forward, does the balloon tilt forward or backward? If $a$ is the car's...
Able Corporation is a closely held company engaged in the manufacture and retail sales of automotive parts. Able maintains a qualified pension plan for its employees but has not offered nontaxable...
Jay Corporation owns several automobile dealerships. This year, the corporation initiated a policy of giving the top salesperson at each dealership a free vacation trip to Florida. The president...
Ann is a graduate economics student at State University. State University awarded her a $1,000 scholarship. In addition, Ann works as a half time teaching assistant in the Economics Department at...
Mark has the following utility function: U = ln(w) where w denotes the wealth. Mark has the chance to play in the following lottery: with probability 0.58 the lottery gives $43,750 and with the...
DynCorp's FCFF is expected to be $600 million. The firm's interest expense is $80 million. The net debt of the firm decreases by $40 million. The tax rate is 35%. What are the FCFE, the market value...
I will invest $500,000 in a property and anticipate the following cash flows (assume they occur at the end of each period to make things simple): Cash Flow year 1: $90,000 Cash Flow year 2: $95,000...

Why are nonrevenue financing sources and nonexpenditure uses of financial resources distinguished from governmental fund revenues and

Question:

Step by Step Answer:

Governmental fund revenues other than from interfund services provided and used transactions are lev...View the full answer

Governmental and Nonprofit Accounting

Students also viewed these Accounting questions