Why do governmental entities use fund accounting? How many funds might be used by a single governmental
Question:
Why do governmental entities use fund accounting? How many funds might be used by a single governmental unit? How many fund types?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (12 reviews)
A fund is a separate fiscal and accounting entity with a self...View the full answer
Answered By
William Otieno
I am a professional tutor and a writer with excellent skills that are important in serving the bloggers and other specialties that requires a great writer. The important aspects of being the best are that I have served so many clients with excellence
With excellent skills, I have acquired very many recommendations which have made it possible for me to survive as an excellent and cherished writer. Being an excellent content writer am also a reputable IT writer with essential skills that can make one turn papers into excellent result.
4.70+
83+ Reviews
354+ Question Solved
Related Book For
Advanced Accounting
ISBN: 9780132568968
11th Edition
Authors: Floyd A. Beams, Joseph H. Anthony, Bruce Bettinghaus, Kenneth Smith
Question Posted:
Students also viewed these Accounting questions
-
How could customer relationship marketing be used by a travel agency, and why would it likely improve the travel agency's customer satisfaction and retention?
-
Explain how industry norms might be used by the financial manager in the design of the companys financing mix.
-
Describe how Web 2.0 tools might be used by any of the managers depicted in Figure 10.1, a horizontal perspective of the OE/S process, or in Figure 10.2, a vertical perspective of the OE/S process.
-
Cindy purchased a building for $1,000,000. How should she deal with the expense on her tax return? a) She must deduct the $1,000,000 in the year of purchase. b) She must not deduct anything and wait...
-
On February 1, Willmar Corporation borrowed $100,000 from its bank by signing a 12 percent, 15-year note payable. The note calls for 180 monthly payments of $1,200. Each payment includes an interest...
-
Analysts cannot unequivocally accept the depreciation amount. One must try to estimate the age and efficiency of plant assets. It is also useful to compare depreciation, current and accumulated, with...
-
Which approach do you believe to be best? Explain your answer. (Lo14)
-
Manufacturing overhead, variance analysis The Solutions Corporation is a manufacturer of centrifuges. Fixed and variable manufacturing overheads are allocated to each centrifuge using budgeted...
-
3. State the components of a unit vector that is perpendicular to the vector D = (5, 2, -1). [TH - 3]
-
Based on Charnes and Cooper (1955). A small company is trying to determine employee salary based on the following attributes: effectiveness, responsibility, initiative, experience, education,...
-
What are the characteristics of a government?
-
Distinguish between governmental funds, proprietary funds, and fiduciary funds. Which funds are classified as governmental funds?
-
The following information pertains to the pension plan of Beatty Business Group: Note that the information in Columns (2) and (3) are as of the beginning of the year, whereas the information in...
-
In the space below, please draw a standard normal Treasury bond yield curve from years 0-30 using the data provided and briefly explain the term structure of interest rates. Treasury | Yield (%)...
-
How does Smart USA utilize buzz marketing? What is buzz marketing? How do you practice buzz marketing? Compare and contrast the following three alternative modes of marketing: a) Buzz marketing b)...
-
Convert base 16 hexadecimal number ABCD.216 to base 2 unsigned binary representation. The quiz is expecting a fill in the blank text string in the entry box and grades on an exact match with the...
-
One of the kitchens in a large Las Vegas hotel complex produces fresh local fruit jam. The jam is placed into expensive jars molded with the hotel's logo, a depiction of tumbling dice. The jam is...
-
3. Consider an array of numbers, A[7] = {1, 5, 3, 0, 6, 2, -1}. You are asked to sort A in the ascending numeric order. Answer the following questions. (20%) Perform quicksort on A for up to two...
-
What will the effect be on valuation if the discount rate is too high? What if it is too low?
-
What are three disadvantages of using the direct write-off method?
-
Identify the following compounds. (a) C0H0O NMR: 8 2.82 (6H, s), 8 8.13 (4H, s) IR: 1681 cm-, no 0-H stretch (b) C-H0ONMR: 8 9.8 (1H, s), 8 1.1 (9H, s) NMR in Fig. P19.66 (p. 1002) IR: 1701 cm-, 970...
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
Baxter, Inc., owns 90 percent of Wisconsin, Inc., and 20 percent of Cleveland Company. Wisconsin, in turn, holds 60 percent of Clevelands outstanding stock. No excess amortization resulted from these...
-
Fontana Company developed a specialized banking application software program that it licenses to various financial institutions through multiple-year agreements. On January 1, 2011, these licensing...
-
Lightfoot Inc., a software development firm, has stock outstanding as follows: 3 0 , 0 0 0 shares of cumulative preferred 4 % stock, $ 2 5 par, and 3 8 , 0 0 0 shares of $ 1 0 0 par common. During...
-
The following information relates to the debt imvestments of Ayayai Inc. during a recent year: On February 1 , the company purchased Gibbons Corp. 1 0 % bonds with a face value of $ 2 2 2 , 0 0 0 at...
-
Smith Recliners manufactures leather recliners and uses flexible budgeting and a standard cost system. Smith allocates overhead based on yards of direct materials. The company's performance report...
Study smarter with the SolutionInn App