When should an Internal Service Fund be used?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 64% (17 reviews)
An Internal Service Fund should be used when a governmental unit can provide goods or se...View the full answer
Answered By
Ajeet Singh
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions.
I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life.
I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge.
I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields.
Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a teacher. I have done plenty of studying and lots of learning on many exciting and challenging topics. All these experiences have influenced my decision to take on the teaching role in various capacities. As a tutor, I am looking forward to getting to understand your needs and helping you achieve your academic goals. I'm highly flexible and contactable. I am available to work on short notice since I only prefer to work with very small and select groups of students.
4.90+
7+ Reviews
15+ Question Solved
Related Book For
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton
Question Posted:
Students also viewed these Accounting questions
-
An Internal Service Fund was established 10 years ago through the sale of 20-year bonds. What disposition should be made of the assets of the fund if it is dissolved?
-
An Internal Service Fund established by a county is intended to operate on a breakeven basis. How might a government dispose of increases or decreases in net position remaining at year end?
-
1. An Internal Service Fund is used when goods and/ or services are provided to _______. 2. A budget that is based on the level of activity attained in a fund is called a ________. 3. The _______...
-
Your friend says that the law of momentum conservation is violated when a ball rolls down a hill and gains momentum. What do you say?
-
A new minivan was purchased for $24,400 and currently has an end-of-year book value of $20,081.20 after one year of operation. Find the year's rate of I depreciation. What will be the end-of-year...
-
The typical dynamics of unemployment over a recession The table below shows the behavior of annual real GDP growth during three recessions. These data are from Table B-4 of the Economic Report of the...
-
The specification for the weight of a chemical in a compound is .05. If the standard deviation of the weighing scales is .02, is the process considered capable? LO.1
-
Water at 20C and a flow rate of 0.1 kg/s enters a heated, thin-walled tube with a diameter of 15 mm and length of 2 m. The wall heat flux provided by the heating elements depends on the wall...
-
Shannon Corporation wants to find an equation to estimate some of their monthly operating costs for the operating budget for 2018. The following cost and other data were gathered for 2017: (Click the...
-
In our development of consumer theory, we made a big point about the fact that neoclassical economics does not put much stock in the idea of cardinally measuring utility (in terms of units of...
-
What is the cause- and- effect relationship between the revenues and the expenses of a proprietary fund?
-
Why is depreciation recorded as an expense in proprietary funds, but not as an expenditure in governmental- type funds?
-
How is the sampling distribution of p^ related to the binomial count X ?
-
Evaluate the following integrals: (i) (ii) dx (x+1)(x+2) dx x(x+1)
-
Evaluate the following integrals:
-
Evaluate the following integrals:
-
Example: Evaluate each of the following: In(1+m) (a) e cos(1-e)dx 10- (b) [Int] -dt sec(3P)tan (3P) (c) 12 2+ sec(3P) dP (d) cos(x)cos(sin(x))dx (e) dw W 50 20
-
Chica's Inc. sold a \(\$ 50\) gift card on February 1, 2020. The gift card was redeemed on February 14, 2020. Record the entries on (1) February 1 and (2) February 14 for Chica's Inc.
-
a. Why does the Wi-Fi Alliance release compatibility testing profiles in waves instead of combining the entire standards features initially? 27a1.) An 802.11ac Wi-Fi compatibility testing profile...
-
Your firm has a risk-free investment opportunity where it can invest $163,000 today and receive $179,000 in one year. For what level of interest rates is this project attractive? (Round the interest...
-
Identify some differences between business organizations and government/not-for-profit organizations.
-
A not-for-profit organization is required to report expenses incurred for programs separately from management and general expenses and fund-raising\costs. Explain who would use this information and...
-
On November 9, 2011, the chairman of the FASB announced that a standard-setting project intended to improve the financial reporting of not-for-profit organizations had been added to the FASB's...
-
Series of Compound Interest Techniques The following are several situations involving compound interest. Required: Using the appropriate table, solve each of the following: ( Click here to access the...
-
If Clark Kelly has recognized gain on an exchange of like-kind property held for investment use, where does Clark report the gain? First on Form 8824, then carried to Schedule D. First on Form 8824,...
-
An investor put 40% of her money in Stock A and 60% in Stock B. Stock A has a beta of 1.2 and Stock B has a beta of 1.6. If the risk-free rate is 5% and the expected return on the market is 12%,...
Study smarter with the SolutionInn App