Question: Define fund as the term is used in governmental accounting.

Define fund as the term is used in governmental accounting.

Step by Step Solution

★★★★★

3.41 Rating (173 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

A fund is a fiscal and accounting entity with a selfbalancing set of accounts ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

374-B-A-N-P-O (177).docx

120 KBs Word File

Students Have Also Explored These Related Accounting Questions!

Q:

Matthew, Inc. owns 30 percent of the outstanding stock of Lindman Company and has the ability to significantly influence the investee's operations and decision making. On January 1, 2018, the balance...

Q:

Distinguish between funds as the term is used in governmental as contrasted with business accounting.

Q:

Define and briefly explain crossover as the term is used in bond refundings in the governmental environment. In your analysis, be sure to include a brief discussion of the following questions: a....

Q:

Define a fund as the term is applied in accounting for the activities of governmental units and other nonbusiness organizations.

Q:

Which of the following funds are proprietary funds? Multiple Choice Enterprise funds and internal service funds. Internal service funds, special revenue funds, and enterprise funds. Enterprise funds,...

Q:

PLease assist me with completing this series of take home questions! David McMahon Answers Due No later than 12:00 P.M. 6/10/12! 1. Under the modified accrual basis of accounting, derived nonexchange...

Q:

1) A primary characteristic that distinguishes not-for-profit entities from business entities is A. the need to generate revenues equal to or in excess of expenditures or expenses. B. the correlation...

Q:

Non-For Profit Accounting 1. Which of the following is not true about fund accounting? a. Unlike enterprise accounting, governmental accounting use the concept of 'fund', because the government is...

Q:

Non-For Profit Accounting 1. Which of the following is not true about fund accounting? a. Unlike enterprise accounting, governmental accounting use the concept of 'fund', because the government is...

Q:

Non-For Profit Accounting 1. Which of the following is n_ot true about fund accounting? a. Unlike enterprise accounting, governmental accounting use the concept of 'fund', because the government is...

Q:

ni 2. NONPROFIT ORGANIZATIONS, BUDGET AND CONTROL Non-profit organisations can be financed by governments and therefore they are called governmental non- profit organisations, or can be financed from...

Q:

The Miller Corporation acquired 30% of the outstanding common stock of the Crowell Corporation for $160,000 on January 1, 2007 and obtained significant influence. The purchase price of the shares was...

Q:

A long wire carrying a 6.00-A current reverses direction by means of two right-angle bends, as shown in Fig. The part of the wire where the bend occurs is in a magnetic field of 0.666 T confined to...

Q:

Find the indefinite integral and check the rest ( 5 ( s e c ( ) ) 2 - 2 s i n ( ) ) d

Q:

1) Which of the following are principles on which to base column chromatography? A) Molecular size B) lon exchange C) All of these D)pl E) Both molecular size and ion exchange 2) The use of SDS in...

Q:

You are the Chief Investment Officer of a large, active pension fund who is looking to add one new active portfolio manager to run a portion of the fund. Here are your two candidates: Manager Y who...

Q:

Libraries You will need scikit-learn to obtain the data and split it into training and test sets, and NumPy to run linear regression. You may also wish to use pandas DataFrames to examine and work...

Q:

Karen is a director of Trust Insurance Ltd. Trust Insurance Ltd has recently introduced a new computer system for processing insurance claims. Karen has trained two members of her team on how to use...

Q:

Fama and French conclude that the relationship between average return and beta is weak over the period from 1941 to 1990 and virtually nonexistent from 1963 to 1990. Why the relationship between...

Q:

7. Explain why a money market discount rate greater than zero understates the rate of return to an investor and understates the cost of borrowed funds for the issuer.

Q:

What is a revocable split-interest agreement and how is it recorded by a private college?

Q:

Describe some measures of performance that can be used in assessing whether a university operates effectively.

Q:

Institutionally Related Foundations. Review each of the following cases that describe a public university and a foundation related to it (i.e., an institutionally related foundation). Explain whether...

Q:

Need help with D Below: Consolidated Pasta is currently expected to pay annual dividends of $10 a share in perpetuity on the 2.7 million shares that are outstanding. Shareholders require a 10% rate...

Q:

At the time of her grandson's birth, a grandmother deposits $1000 in an account that pays 8% compounded monthly. What will be the value of the account at the child's twenty-first birthday, assuming...

Q:

QUESTIONS REIT Inc. paid a dividend of 52 per share per year on its common stock in past 10 years. And it is expected to continue paying two dollars a share long in future. From the info, one share...