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...
-
Question 3 14 marks Statement of Financial Performance of Gama (Pty) Ltd for the year ended 30 September 2019 N$ Sales 200 000.00 Cost of Sales 120 000.00 Gross Profit 80 000.00 60 000.00 Operating...
-
Calculate the values for leverage, standardized residual, and Cooks distance for the hard-core hiker example in the text.
-
The Peachtree Airport in Atlanta serves light aircraft. It has a single runway and one air traffic controller to land planes. It takes an airplane 12 minutes to land and clear the runway. Planes...
-
Illies Corporation's comparative balance sheet appears below: Multiple Choice net cash provided by (used in) operating activities, $40,000; net cash provided by (used in) financing activities,...
-
A light-seeking control system, used to track the sun, is shown in Figure P1.5. The output shaft, driven by the motor through a worm reduction gear, has a bracket attached on which are mounted two...
-
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?
-
By what factor does the length of the interval in Prob. 2 change if we double the sample size? Data from Prob. 2 Find a 95% confidence interval for the mean of a normal population with standard...
-
What volumetric airflow rate (Qa) is required to maintain a G value of 500s-1 in a basin that is 2.75 m deep and provides a liquid detention time of 5 min? Perform the exercise for water temperatures...
-
Read this article, then answer the following questions: 1- Description of Instrument: a. Title of instrument, author(s), publication date 2/18/24, 5:43 PM Abuse Risk Inventory for Women: EBSCOhost...
-
Suppose that there is a magnetic field B(x, y, z) = x2 filling a 3D space. The coordinates are set up as a Cartesian coordinate system with = 2. For all the discussions below, ignore the units. a)...
-
A vertical solid cylinder of uniform cross-sectional area A floats in water. The cylinder is partially submerged. When the cylinder floats at rest, a mark is aligned with the water surface. The...
-
Non-manufacturing fixed cost for year 2011 equal to:$60,780 out of which half are Administrative expenses.Administrative expenses are expected to increase by: 10%The total Variable nonmanufacturing...
-
Raise the number to the given power and write standard notation for the answer. [3(cos 20 + i sin 20)]3
-
A routine activity such as pumping gasoline can be related to many of the concepts studied in this text. Suppose that premium unleaded costs $3.75 per gal. Work Exercises in order. Use the...
-
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?
-
All else constant, if the yield to maturity of a bond increases, the the value of the bond __________. a. increases b. decreases c. remains the same d. not enough information To answer enter a, b, c,...
-
Martha s Vineyard Marine Supply is a wholesaler for a large variety of boating and fishing equipment. The company s controller, Mathew Knight, has recently completed a cost study of the firm s...
-
1. Compute the productivity profiles for each year. If required, round your answers to two decimal places. 2a. Did productivity improve? 2b. Explain why or why not
Study smarter with the SolutionInn App