Select the appropriate method of accounting and reporting for each of the municipality's funds, accounts, and...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Select the appropriate method of accounting and reporting for each of the municipality's funds, accounts, and other items (items 11 to 20). An accounting and reporting method may be selected once, more than once, or not at all. Funds and Accounts 11. Enterprise fund fixed assets. 12. Capital projects fund. 13. Permanent fund. 14. Infrastructure fixed assets. 15. Enterprise fund cash. 16. General fund. 17. Agency fund cash. 18. Transfer out from the general fund to the internal service fund. 19. Special revenue fund (a major fund). 20. Debt service fund (a major fund). Funds and Accounts - 11. Enterprise fund fixed assets. 12. Capital projects fund. 13. Permanent fund. 14. Infrastructure fixed assets. 15. Enterprise fund cash. 16. General fund. Answer is complete but not entirely correct. Accounting and Reporting B and J J दीन 17. Agency fund cash. 18. Transfer out from the general fund to the internal service fund. 19. Special revenue fund (a major fund). 20. Debt service fund (a major fund). A. Accounted for in a fiduciary fund B. Accounted for in a proprietary fund C. Accounts for permanent endowments that can be used for government programs D. Reported as an other financing use E. Accounted for in a special assessment fund F. Accounts for major construction activities G. Accounts for property tax revenues H. Accounts for payment of interest and principal on tax- supported debt I. Accounts for revenues from earmarked sources to finance designated activities J. Reported in governmentwide statements II F J J 111 J E Im Accounting and Reporting Hand J ***** XX Select the appropriate method of accounting and reporting for each of the municipality's funds, accounts, and other items (items 11 to 20). An accounting and reporting method may be selected once, more than once, or not at all. Funds and Accounts 11. Enterprise fund fixed assets. 12. Capital projects fund. 13. Permanent fund. 14. Infrastructure fixed assets. 15. Enterprise fund cash. 16. General fund. 17. Agency fund cash. 18. Transfer out from the general fund to the internal service fund. 19. Special revenue fund (a major fund). 20. Debt service fund (a major fund). Funds and Accounts - 11. Enterprise fund fixed assets. 12. Capital projects fund. 13. Permanent fund. 14. Infrastructure fixed assets. 15. Enterprise fund cash. 16. General fund. Answer is complete but not entirely correct. Accounting and Reporting B and J J दीन 17. Agency fund cash. 18. Transfer out from the general fund to the internal service fund. 19. Special revenue fund (a major fund). 20. Debt service fund (a major fund). A. Accounted for in a fiduciary fund B. Accounted for in a proprietary fund C. Accounts for permanent endowments that can be used for government programs D. Reported as an other financing use E. Accounted for in a special assessment fund F. Accounts for major construction activities G. Accounts for property tax revenues H. Accounts for payment of interest and principal on tax- supported debt I. Accounts for revenues from earmarked sources to finance designated activities J. Reported in governmentwide statements II F J J 111 J E Im Accounting and Reporting Hand J ***** XX
Expert Answer:
Answer rating: 100% (QA)
11 Enterprise fund fixed asset Accounting and Reporting B Accounted for in a proprietary fund J Reported in governmentwide statements Explanation Enterprise fund fixed assets are typically accounted f... View the full answer
Related Book For
Managerial Accounting
ISBN: 978-0697789938
13th Edition
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
Posted Date:
Students also viewed these accounting questions
-
Why is direct labor a poor base for allocating overhead in many companies?
-
(a) Why is information assurance a poor name for IT security? (b) Why is reasonable risk the goal of IT security? (c) What are some negative consequences of IT security?
-
In words, define the alpha level and the critical region for a hypothesis test?
-
Most websites have images. There are many different features and functionalities that can be used to work with images via the use of JavaScript. These include preloading, rollovers, and cycling...
-
Bargain Department Stores, Inc., is a chain of department stores in the Midwest. Quarterly sales of the "Bargain 8(KK)-Btu Air Conditioner" over the past three years are as given in the left hand...
-
Pyle Company manufactures a single product. Annual production costs incurred in the manufacturing process are shown below for two levels of production. Instructions(a) Define the terms variable...
-
In a contract dispute between a US company and a Canadian company, the contract itself referred to provisions of the Uniform Commercial Code. Do these references alone preempt the contract from being...
-
A firm has actual sales of $65,000 in April and $60,000 in May. It expects sales of $70,000 in June and $100,000 in July and in August. Assuming that sales are the only source of cash inflows and...
-
Transform following Relational model into ER Model. id Author writes authorid bookid Book bookid title edition libid memberld name dob AuthorContact id contact publishes Library id bid date id...
-
Gecko Manufacturing issued 9%, 10-year bonds payable at 85 on December 31, 2025. At December 31, 2027, Gecko Manufacturing reported the bonds payable as follows: Gecko Manufacturing pays semiannual...
-
In Quantitative Method for business, What's the solution for Chapter 9 (Linear programing applications) problem #5 on page 400?
-
Janith is creating a spreadsheet with the names, locations, dates, and costs of summer camps she is interested in attending. What is the most efficient way to also add pictures, camper reviews, staff...
-
You found the dream job (the one for which the cover letter in class a couple of days ago), you were called back, and you were interviewed by the three Assistant Vice Presidents this morning. You had...
-
Watch the video and answer the questions that follow. Are confidential informants a necessary evil? Are informants a good source of information? Why do you think informants snitch? Do you think it...
-
Chapter 15: Post-Meeting Follow-up pg. 302 of Professional Meeting Management Sixth Edition (A Guide to Meetings, Conventions, and Events) Q1) What are the necessary actions to take when organizing a...
-
The 1964 Civil Rights Act prevents merchants, public accommodations, and employers from denying service and practicing discrimination in employment based on defined criteria. Develop an argument...
-
1. A motion of a fluid is given by the equations X = X + Xt+X31 X=X+ X3t+Xt X3 = X3+Xt+Xt Find the velocity and acceleration of: (a) the particle which was at the point (1, 1, 1) at the reference...
-
One Way Cellular accountants have assembled the following data for the year ended September 30, 2014: Prepare the operating activities section using the indirect method for One Way Cellulars...
-
The materials price variance can be computed at what two different points in time? Which point is better? Why?
-
Defi ne the following terms: (a) Molarity (b) Molality (c) Density (d) Weight percent (e) Volume percent (f) Parts per million (g) Parts per billion (h) Formal concentration
-
What is a spending variance and what does it mean?
-
Let \(\left\{x_{n}ight\}_{n=1}^{\infty}\) be a sequence of real numbers defined by \(x_{n}=n 2^{-n}\), for all \(n \in \mathbb{N}\). Compute \[\liminf _{n ightarrow \infty} x_{n}\] and \[\limsup _{n...
-
Let \(\left\{x_{n}ight\}_{n=1}^{\infty}\) be a sequence of real numbers defined by \(x_{n}=n^{(-1)^{n}-n}\) for all \(n \in \mathbb{N}\). Compute \[\liminf _{n ightarrow \infty} x_{n},\] and...
-
Let \(\left\{x_{n}ight\}_{n=1}^{\infty}\) and \(\left\{y_{n}ight\}_{n=1}^{\infty}\) be sequences of real numbers such that \[\lim _{n ightarrow \infty} x_{n}=x\] and \[\lim _{n ightarrow \infty}...
Study smarter with the SolutionInn App