What are the three categories of funds prescribed by GASB standards and which fund types are included
Question:
What are the three categories of funds prescribed by GASB standards and which fund types are included in each? Which basis of accounting is used by each category?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (15 reviews)
The three categories of funds are governmental proprietary and fiduciary The ...View the full answer
Answered By
Muhammad adeel
I am a professional Process/Mechanical engineer having a vast 7 years experience in process industry as well as in academic studies as a instructor. Also equipped with Nebosh IGC and lead auditor (certified).
Having worked at top notch engineering firms, i possess abilities such as designing process equipment, maintaining data sheets, working on projects, technical biddings, designing PFD and PID's etc.
Having worked as an instructor in different engineering institutes and have been involved in different engineering resrearch projects such as refinery equipment designing, thermodynamics, fluid dynamics, chemistry, rotary equipment etc
I can assure a good job within your budget and time deadline
4.90+
52+ Reviews
60+ Question Solved
Related Book For
Accounting for Governmental and Nonprofit Entities
ISBN: 978-1259917059
18th edition
Authors: Jacqueline L. Reck, James E. Rooks, Suzanne Lowensohn, Daniel Neely
Question Posted:
Students also viewed these Business questions
-
What are the three categories of funds in the cash needs assessment, and how are they used to calculate how much money is needed to start the business?
-
What are the three categories of auditor responses to fraud risks?
-
What are the three categories of cash flows to be reported on the SCF?
-
Consider the examples of groupthink explained in this chapter and discuss how they can relate to situations you have experienced on your projects.
-
An electron is at rest just above the surface of a sphere with a radius of 2.7 mm and a uniformly distributed positive charge of 1.8 10-15 C. Like a rocket blasting off from the Earth, the electron...
-
Why is it costly for a small firm to choose a location that is too small?
-
A non-current liability is: a. A payable due for payment within 12 months b. A liability where it is not known when it is to be repaid c. A payable due for payment after more than 12 months d. The...
-
Casito Corp. manufactures multiple types of products; however, most of the company's sales are from Product #347 and Product #658. Product #347 has been a standard in the industry for several years;...
-
Jose was asked to solve the following trigonometric equation for 0 < x < 2. sin(x) cos(2x) = 0 - Jose worked the problem the following way: Line 1: sin(x)-(1-2 sin (x)) = 0 Line 2: sin(x) - 1+2 sin...
-
Each year, the Schriber Corporation must determine how much to contribute to the companys pension plan. The company uses a 10-year planning horizon to determine the contribution, which, if made...
-
For each of the following entities, identify if the entity would be governed by GASB standards by placing a G, FASB standards by placing an F, or FASAB standards by placing an FB. (Search the website...
-
What is the primary reason government entities use funds for financial reporting? How are funds established?
-
From Amazon.com, the prices of 10 varieties of orange juice (59- to 64-ounce containers) sold were recorded: $3.88, $2.99, $3.99, $2.99, $3.69, $2.99, $4.49, $3.69, $3.89, $3.99. a. Find and...
-
You find that if you place charges of 1.50 CC on two separated metal objects, the potential difference between them is 10.5 VV . What is their capacitance?
-
List four common risks you would need to consider when encouraging and supporting clients to exercise their rights and maintain their well-being.
-
Using the product/service you have selected for the course project, think of a situation where you are to meet with someone who may be interested in buying your product/service or interested in you...
-
Hanks Inc. produces glass jars in a single department; the jars are then sold to candle manufacturers. All materials are added at the start of the process, and conversion costs are applied uniformly...
-
What is the SMART goals framework? how could it be used to help you set goals for your internet advertising? How can online ads be effective and cost-efficient in driving awareness, enhance brand and...
-
Use the information in RE14-8, except assume that the bonds are sold for $318,000. Prepare the journal entries to record the issuance on April 1, 2019, and the first interest payment on October 1,...
-
For a nonzero constant a, find the intercepts of the graph of (x 2 + y 2 ) 2 = a 2 (x 2 - y 2 ). Then test for symmetry with respect to the x-axis, the y-axis, and the origin.
-
Prepare Financial Statements. The Childrens Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30,...
-
Prepare Financial Statements. The Childrens Counseling Center was incorporated as a not-for-profit voluntary health and welfare organization 10 years ago. Its adjusted trial balance as of June 30,...
-
Explain why a state has regulatory authority over a not-for-profit organization. When does the federal government have regulatory authority over a not-for-profit organization?
-
Which of the following is not a responsibility of a Credit Reporting Agency under the FCRA? You Answered Requesting that a data furnisher investigate and verify disputed account information Providing...
-
A landlord is paid $82,000 by its commercial tenant as a lease cancellation fee. The tenant wanted to get our ot its lease so they could move to a different city. The landlord had held the lease for...
-
Which organization's values are most likely to be effective? Select a Choice Below current question choices OptionA Alpha Corp's values were created based on the inputs from all employees. OptionB...
Study smarter with the SolutionInn App