All of the following are considered governmental funds except a. a Special Revenue Fund. b. a Capital

Question:

All of the following are considered governmental funds except

a. a Special Revenue Fund.

b. a Capital Projects Fund.

c. a Permanent Fund.

d. an Internal Service Fund.

e. all of the above are governmental funds.

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 Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

See More Books

Question Posted: Feb 24, 2024 05:00 AM

See More Questions

From a distance of 5R from the center of a planet of mass M and radius R, a satellite of mass m is launched with a speed v0 = q GM 5R at time t = 0 in the direction shown in the figure. Calculate the...
A __________ inventory system is one that directly keeps track of additions to and withdrawals from inventory. A. perpetual B. periodic C. Variable costing D. Absorption costing E. none of the above
1. Consider the following problem: Suppose that the interest rate in this year is 5% and all investors expect that interest rates for the next 3 years will be as follows: Year 1 2 3 Forward Interest...
Teddy Sargent opened an accounting firm on May 1, 2015. During the month of May the business completed the following transactions: May 1 The business sold $80,000 of shares to open the firm, Sargent...
Chemical and manufacturing plants sometimes discharge toxic-waste materials such as DDT into nearby rivers and streams. These toxins can adversely affect the plants and animals inhabiting the river...
What elements must be proven in order to be successful in a negligence suit? Illustrate your answer with a case (the facts of the case can be hypothetical).
JKW Corporation has been selling plumbing supplies since 1981. In 2003, the company adopted the LIFO method of valuing its inventory. The company has grown steadily over the years and a layer has...
A girl delivering newspapers covers her route by traveling 8.66 blocks north, 3.28 blocks west, and 4.00 blocks south. Find the angle (a positive value in , between 0 and 360) of her resultant...
Each of the following is a fiduciary fund except a. a Permanent Fund. b. an Investment Trust Fund. c. an Agency Fund. d. a Private-Purpose Trust Fund. e. all of the above are fiduciary funds.
Financial assets include a. capital assets that can be sold. b. cash, investments, and receivables. c. only cash and other governmental fund assets that have been converted to cash during the current...
Explain why more energy is released in a fusion process than in a fission process.
Explain and Give an example of genetic diversity, species diversity, and ecosystem diversity.
Use the five features of social media to describe a social media platform. Explain the benefits of using a social media strategy. Measures of Effectiveness: Develop responses to the following that...
Lack of competitors in the market. Pressure from demanding customers and low-cost competition. Abundance of reliable suppliers. What is one of the challenges facing logistics and supply chain...
What is the policy and legal framework of credit financing . Give some recommendation and conclusion regarding the credit policy. HERES THE SOURCES:...
Acme Industries' current dividend is $2.The average growth rate for the past twenty years has been steady at 8%, but the consensus of analysts is that the expected growth rate will be 6% going...
What is the most common format for reporting accounts receivable on the balance sheet? What information does this method provide beyond showing only the net amount?
Marmot Corporation pays a dividend of $100,000 in the current year. Otter Corporation, which is in the 25% marginal bracket, owns 15% of Marmots stock. Gerald, an individual taxpayer in the 25%...
Barbara owns 40% of the stock of Cassowary Corporation (a C corporation) and 40% of the stock of Emu Corporation (an S corporation). In the current year, each corporation has operating income of...
Determine whether the following expenditures by Cuckoo Corporation are organizational expenditures, startup expenditures, or neither. a. Legal expenses incurred for drafting the corporate charter and...
What are the Important parameters of Economic growth of the country?
In an initial discussion forum post, describe the key elements of channel design and business service marketing. Next, explain why it is important for a marketing manager to understand business...
Hot Chip will employ a manager in each of its outlets. These managers could use a broadly autocratic or democratic leadership style. Evaluate these two options and recommend which is the most...

All of the following are considered governmental funds except a. a Special Revenue Fund. b. a Capital

Question:

Step by Step Answer:

Governmental Funds Governmental funds are a part of the governmental fund accounting system which is used by governments to track and report their fin...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

Students also viewed these Business questions