Question
The activities of a municipal golf course that receives three-fourths of its total revenue from a special tax levy should be accounted for in: (a)
The activities of a municipal golf course that receives three-fourths of its total revenue from a special tax levy should be accounted for in: (a) an enterpise fund (b) the general fund (c) a trust fund (d) a special revenue fund?
Equipment in general governmental service that had been constructed 10 years before with resources of a capital projects fund was sold. the receipts were accounted for as unrestricted revenue. Entries are necessary in the: (a) general fund and capital projects fund (b) general fund (c) general fund, capital projects fund, and enterprise fund (d) general fund, capital projects fund, and debt service fund?
An account for expenditures does not appear n which fund? (a) capital projects (b) enterprise (c) general (d) special revenue
Part of the general obligation bond proceeds fom a new issuance was used to pay for the cost of a new city hall as soon as contruction was completed. the remainder of the proceeds was transferred to repay the debt. entries needed to record these transactions in the: (a) general fund and proprietary fund (b) general fund, agency fund, and debt service fund (c) trust fund and debt service fund (d) debt service fund, capital projects fund.
Cash secured from property taxe revenue was transferred for the eventual payment of the principal and interest on general obligation bonds. The bonds has been issued when land was acquired several years ago for a city park. upon the transfer, an entry would be made in which of the following? (a) debt service fund (b) enterprise fund (c) agency fund (d) general fund
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