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At December 31, Year 1, the following balances were due from the state government to Clare City's various funds: Capital projects $300,000 Special revenue fund
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At December 31, Year 1, the following balances were due from the state government to Clare City's various funds:
Capital projects $300,000 Special revenue fund $18,000
Trust and agency 100,000 Investment trust fund 80,000
In Clare's December 31, Year 1, financial statements, what amount should be reported in fiduciary funds?
$318,000
$100,000
$183,000
$80,000
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Of the following types of funds, which one would account for fixed assets like a for-profit organization?
Enterprise Fund.
General Fund.
Internal Service Fund.
Investment Trust Fund.
At December 31, Year 1, the following balances were due from the state government to Clare City's various funds:
Capital projects $300,000 Special revenue fund $18,000
Trust and agency 100,000 Investment trust fund 80,000
In Clare's December 31, Year 1, financial statements, what amount should be reported in fiduciary funds?
| $318,000 | ||
| $100,000 | ||
| $183,000 | ||
| $80,000 |
Of the following types of funds, which one would account for fixed assets like a for-profit organization?
| Enterprise Fund. | ||
| General Fund. | ||
| Internal Service Fund. | ||
| Investment Trust Fund. |
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