Which of the following governmental fund expenditures would not be considered a current operating expenditure? A. Capital

Fantastic news! We've Found the answer you've been seeking!

Question:

Which of the following governmental fund expenditures would not be considered a current operating expenditure?

A. Capital outlay
B. Rent
C. Salaries and wages
D. Employee benefits

Related Book For answer-question

Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

See More Books

Posted Date: Jun 22, 2022 01:38 AM

See More Questions

Multiple Choice Questions Identify the best answer for each of the following: 1. In governmental funds, expenditures should be recognized in the period in which a fund liability is incurred, though...
1. Under GASB standards, which of the following would be considered an example of an intangible asset? a. A lake located on city property. b. Water rights associated with the springs that supply the...
Multiple Choice Questions Identify the best answer for each of the following: 1. Which of the following fund types is never to be included as part of governmental activities? a. Special Revenue b....
An undamped mass spring system is released from rest from an initial displacement of x = 0.24 m and starts to oscillate. You see that the mass reaches its largest positive displacement for the first...
On March 1, Sharon Fitzgerald entered into an oral lease of a house owned by Parkin. The lease was on a month-to-month basis, and the rent was set at $290 per month. Parkin also agreed to make...
Acquiring the best talent provides organizations with an important competitive advantage, particularly when selection systems are aligned with strategic objectives. Chapter 6 pointed out one key...
How are fixed boundary conditions incorporated in the finite element equations?
This is the trial balance of Slocombe Company on September 30. The October transactions were as follows. Oct. 5 Received $1,300 in cash from customers for accounts receivable due. 10 Billed customers...
https://www.progressive.com/ Promotions - 3-4 examples of promotions progressive insurance uses and explain them also.
Recall from Exercise 14.5 that Enterprise Industries has observed the historical data in Table 14.5 concerning y (demand for Fresh liquid laundry detergent), x1 (the price of Fresh), x2 (the average...
Burnt Ham Company uses the weighted-average method in its process costing system. The Curing Department of Burnt Company reported the following information for the month of November: Beginning work...
What are the four storage classes?
What happens to automatic variables when execution leaves the block where they are declared?
Can you replace every if() statement with a switch() statement?
Using the information in Review Question 35.11, prepare J. Duncans statement of financial position as at 31 December 2011. Question 35.11 The following are summaries of the cash book and bank...
What is an editorial calendar and what should be considered in developing the calendar?
A 7-year bond has an 8 percent coupon rate with the interest paid in semi annual payments. The yield to maturity of the bond is 12.9 percent and a face value of $1,000. What is the price of the bond?...
From the choice of simple moving average, exponential smoothing, and linear regression analysis, which forecasting technique would you consider the most accurate? Why? please write it in word...
The following information is for the governmental funds (total) of Bell County for 20X6. Assume the deferred tax revenues meet the earnings criteria. Deferred Tax Revenues (January 1) . . . . . . . ....
In accounting for a Tax Agency Fund, why is it necessary to maintain records of taxes levied and collected for each taxing authority involved by year of levy?
Explain why proceeds from long-term borrowings for General Fund purposes from external lenders are reported as Other Financing Sources but proceeds from similar short-term borrowings are not.
Randomly list the 10 examples you identified, keeping the rationale for each hidden. Exchange lists with another group. Each group should discuss the list given to it by the other group and classify...
Identify at least five products or brands that probably could not use that strategy. Develop a clear rationale to support each example. Heineken is the second-largest brewer in the world, with sales...
Identify at least five products or brands you are familiar with that could use the same three-step approach perfected by Heineken for entering foreign markets. Develop a clear rationale to support...

Which of the following governmental fund expenditures would not be considered a current operating expenditure? A. Capital

Question:

Expert Answer:

Capital expenditures on capital outlay means expe... View the full answer

Governmental and Nonprofit Accounting

Students also viewed these accounting questions