FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

**Ignore the blue shade, this was my guess**. Please provide accurate answer with explanation ASAP Which of the following is not true regarding permanent funds?

**Ignore the blue shade, this was my guess**. Please provide accurate answer with explanation ASAP

image text in transcribed

Which of the following is not true regarding permanent funds? Multiple Choice Permanent funds are considered governmental funds. Permanent funds are appropriate when the proceeds of a gift must be used to benefit Individuals or organizations. Major permanent funds would be reported in the Governmental Funds Statement of Revenues. Expenditures, and Changes in Fund Balances. Permanent funds use the current financial resources measurement focus and modified accrual basis of accounting

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions

Question

2.62 Sleep and the University Student How much sleep do you get on a typical school night? A group of 10 university students were asked to report the number of hours that they slept on the previous...

Answered: 1 week ago

Question

★★★★★
If you were in charge of macroeconomic policies in a small open economy, what qualitative effect would each of the following events have on your target for external balance? a. Large deposits of...

Answered: 1 week ago

Question

★★★★★
Represent + 3 5 and - 3 5 in sign magnitude, sign 1 s complement and sign 2 s complement representation.

Answered: 1 week ago

Question

★★★★★
hree different processors P 1 , P 2 , P 3 executing the same set of instructions. P 1 has a 3 GHz clock rate and a CPI of 1 . 5 . P 2 has 2 GHz clock rate and CPI of 1 . 2 . P 3 has 4 GHz and CPI of...

Answered: 1 week ago

Question

★★★★★
Tom Hruise was an entertainment executive who had a fatal accident on a film set. Tom's will directed his executor to distribute his cash and stock to his spouse, Kaffie, and the real estate to a...

Answered: 1 week ago

Question

★★★★★
All questions are about NAFTA: 4-5+ sentences per question Are you able to describe the social environment impact on business NAFTA created? Based on your opinion, do you see a need for changes in...

Answered: 1 week ago

Question

★★★★★
You are a senior leader in a school or business and have been asked to conduct an internal audit of the organization's HR functions. If you were to write a memo to supervisors in your organization...

Answered: 1 week ago

Question

★★★★★
Determine the position of the centre of gravity (c.g.) and 2nd moment of inertia with respect to c.g. of the section shown below, where A = 6 mm and B 4 mm. X B a) Calculate the X = b) y A B mm with...

Answered: 1 week ago

Question

★★★★★
Create a variable named "$Cred" and use a parenthetical with the Get-Credential cmdlet Run this line of code and it will prompt you for the Username and Password for the remote computer. The results...

Answered: 1 week ago

Previous Question Next Question