Question: PLEASE. IF YOU DO NOT KNOW THE ANSWER BETTER NOT ANSWER THIS. I NEED EXPLANATION AS TO WHY TRUE OR FALSE. NO EXPLANATION NO RATING.

PLEASE. IF YOU DO NOT KNOW THE ANSWER BETTER NOT ANSWER THIS. I NEED EXPLANATION AS TO WHY TRUE OR FALSE. NO EXPLANATION NO RATING. THANK YOU.

1. The basic criterion used to determine the reporting entity (fund) for a government unit is its geographical boundaries. a. True b. False

2. GASB requires fund balances to be reported as restricted when constraints are placed on the use of resources either externally imposed by creditors or those imposed by taxpayers. a. True b. False

3. Agency funds take in monies that are used to invest in order to make the fund a profit. a. True b. False

4. Since the general fund is a catch-all fund, a government agency typically uses several general funds to record different types of transactions. a. True b. False

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock 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

Students Have Also Explored These Related Accounting Questions!

1. Loans between funds are handled in account receivable and account payable accounts. a. True b. False 2. Payments received by a city utility fund would appear on a statement of cash flows for...

PLEASE. IF YOU DO NOT KNOW THE ANSWER BETTER NOT ANSWER THIS. I NEED EXPLANATION AS TO WHY TRUE OR FALSE. NO EXPLANATION NO RATING. THANK YOU. 1. Revenue is generally included in fund statements if...

Please answer questions with the work shown, or explanation not just the correct answer, thank you. 1. What is the goal of financial management for a sole proprietorship? (A) Maximize net income...

Please just highlight in bold the correct answer under each question no need for explanation Question 1 Which of the following is an indirect factor that effects the selection of form adopted for a...

The answer is below, I only want to know the explanation to get that answer. Thank you . Milleris the sole shareholder of Miller Enterprises Ltd., a small retail shop selling locally made arts and...

Solve it correctly please. I will rate accordingly with multiple votes. Typed answer only and fast answer. Don't stuck. Show all work and explanation. True or False. If your answer is False, correct...

Chapter 7 Revising and Presenting Your Writing I'm not a very good writer, but I'm an excellent rewriter. James A. Michener Half my life is an act of revision. John Irving Getting Started INT RODU CT...

StanfordSOCIAL INNOVATION REVIEW Up For Debate When Can Impact Investing Create Real Impact? By Paul Brest & Kelly Born With Responses From Audrey Choi, Sterling K. Speirn, Alvaro Rodriguez Arregui &...

Please use this information to answer questions 1-14 below: Sally Savvy is the CEO of Savvy Software Inc., a U.S. based software developer. Sally routinely signs confidentiality/nondisclosure...

Algorithms in Artificial Intelligence (or, the old name: Introduction to Algorithmic Decision Making) Part 1 Based on slides by David Sarne and Lirong Xia Course Tentative Schedule Introduction...

3. Hydrophilic molecules do not ave Lo contain polar covalent bonds What other bonds could generate a hydrophilic substance? 4. The pH scale that is typically presented in textbooks ranges from zero...

Smit Corporation is considering implementation of a JIT inventory system. The companys industrial engineer recently conducted a study to determine the average number of days spent in each activity of...

Use this checklist to decide what feedback you would offer each student to help them improve their summary writing. Have they used a formal register - no chatty asides or informal expressions? Is...

Using the main premise in the Daniel Pink video, what would be the best motivators for people who hold jobs that require high levels of cognitive skills and creativity? Autonomy, Mastery, and Purpose...

8 What are the different types of flexibility, and what are their advantages and disadvantages?

6 When staffing is being reduced, what can organisations do to minimise the pain and discomfort?

2 How should employers handle the benefits and drawbacks of internet recruitment? The use of online recruitment methods is now widespread among UK organisations; however, there is considerable debate...