Which of the following fund types would not be included as part of governmental activities? a.Special Revenue.

Question:

Which of the following fund types would not be included as part of governmental activities?

a. Special Revenue.

b. Private-Purpose Trust.

c. Internal Service:

d. Permanent.

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

Step by Step Answer:

Related Book For book-img-for-question

Governmental And Nonprofit Accounting Theory And Practice

ISBN: 9780132552721

9th Edition

Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,

See More Books

Question Posted: Feb 24, 2024 05:01 AM

See More Questions

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....
Select the best answer for each of the following multiple-choice items. 1. In which of the following fund types of a city government are revenues and expenditures recognized on the same basis of...
Multiple Choice. Choose the best answer. 1. Which of the following fund type(s) uses the accrual basis of accounting? a. Special revenue. b. Internal service. c. Pension trust. d. Both b and c. 2....
. What is the output of the following program? Write your answer in the box below. #include using namespace std; int main() { int a=4; int b=6; int i; int j; } int** k; i = &a; j = &b; *j = 8; if...
Complete the table below for the missing amounts: Number of units Sales price per unit Variable costs per unit Contribution margin per unit Total contribution margin 2,064 units 2,570 units (g) 4,528...
All else equal, a company's P/E ratio will ____________ when the discount rate ___________. rise, rise fall, rise fall, falls cannot be determined All else equal, a company's P/E ratio will _____...
2. Calculate income from Edma HF in 2014.
A 75.0-kg wrecking ball hangs from a uniform heavy-duty chain having a mass of 26.0 kg. (a) Find the maximum and minimum tension in the chain. (b) What is the tension at a point three fourths of the...
vendar My MCBS Library English (en) The following is a trial balance of Beacon Company Account Title Debit Cash Accounts Recevable Accounts Payable Common Stock Retained Earnings $100 Service Revenue...
All of the following statements are true except a. Both governmental funds and proprietary funds are reported in fund financial statements using the economic resources measurement focus. , b. Both...
Why does the conversion worksheet for governmental activities use only one net assets account instead of the three net assets accounts that must be reported in the financial statements?
Job order cost; journal entries; ending work in process; inventory analysis LO 4,5 Camacho Company manufactures goods to special order and uses a job order cost system. During its first month of...
The following post-closing trial balance was drawn from the accounts of Spruce Timber Co. as of December 31, 2011. Transactions for 2012 1. Acquired an additional $\$ 10,000$ cash from the issue of...
Bankers Trust (BT) was one of the most powerful and profitable banks in the world in the early 1990s. Under the stewardship of chairman Charles Sanford Jr., it had transformed itself from a staid...
Hammond Inc. experienced the following transactions for 2011, its first year of operations: 1. Issued common stock for $\$ 80,000$ cash. CHECK FIGURES b. Net Income: $\$ 62,520$ Total Assets:...
Following are the current prices and last years prices of a gallon of regular gas at a sample of 14 gas stations. Can you conclude that the median price is different now from what it was a year ago?...
A sample of nine men participated in a regular exercise program at a local gym. They were weighed both before and after the program. The results were as follows. Can you conclude that the median...
During an early season promotion, a weekend ski pass was priced at $84 plus PST and GST at Blackcomb Mountain, B.C., and at $84 plus GST and PST at Mont Tremblant, Quebec. What is the difference in...
Pedro Bourbone is the founder and owner of a highly successful small business and, over the past several years, has accumulated a significant amount of personal wealth. His portfolio of stocks and...
What are the differences in direct and indirect costs to a nonprofit organization? Would you want a government grant or contract that provided funds for direct or indirect costs?
Are social entrepreneurs born or made? In other words, can individuals be educated or trained in a way that will result in entrepreneurial behavior?
Which of the two schools of thought, or definitions of social entrepreneurship, do you find most satisfactory? Explain.
you are analyzing the cost of debt for a firm. Do you know that the firms 14 year maturity, 7.8 Percent coupon bonds are selling at a price of $834. The Barnes pay interest semi annually. If these...
***Please answer the following using excel and showcasing the formulas/calculations used*** thank you so much Financial information on AAA Ltd. is shown below. AAA Ltd. Income Statement For the Year...
2. In an account Anh Paglinawan currently has $216,670.00. At a rate of 8.00% how long will it take for them to have $298,390.00 assuming semi-annually compounding? (Hint: compute the exact years, do...

Which of the following fund types would not be included as part of governmental activities? a.Special Revenue.

Question:

Step by Step Answer:

The correct answer is b PrivatePurpose Trust PrivatePurpose Trust Funds are not part ...View the full answer

Governmental And Nonprofit Accounting Theory And Practice

Students also viewed these Business questions