Question: 1) T/F - The difference between asset and liabilities for USA state/local/tribal is Shareholder's equity 2) A state has a fund for a teachers' pension.

1) T/F - The difference between asset and liabilities for USA state/local/tribal is Shareholder's equity 2) A state has a fund for a teachers' pension. What is the general fund category to track this pension? 3) What type of accounting would this pension fund use - modified accrual, full accrual or cash? 4) What are the two categories of equity accounts for not for profits as of 2024? 5) A tribal entity, on September 1, 2024, made a purchase order for $50,000 to buy a car - what would be the debit? 6) In the general fund, an agency buys a vehicle for $60,000. What is the debit

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