TCO F Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund? Current financial resources measurement focus and accrual basis of accounting. Gain on disposal of capital assets. The General Fund of Middleville has presented you with the following trial balance as of June 30, None of the above 8.
When collected in cash. Monies received from a fund-raising campaign. B The construction of a parking garage that is operated as an enterprise fund. When the work has started for the project. Both of the above Neither of the above 5. Charges to departments during the fiscal year were as follows: Budgetary accounts are required to appear in the general purpose financial statements.
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Fines and Penalties 43, Licenses and PermitsCash collected on accg taxes were as follows: The city received a donation of land that is to be used by Parks and Acdt for a park.
Both of the above Neither of the above 5. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information: None of the above, the fiduciary funds have no revenues.
An investigation into whether a purchasing department of a government was operated efficiently. This information is provided exclusively for the personal and academic use of students, instructors and other university personnel. If you found out that a new manager with no previous experience homeworl now in charge of Program 4, would your answer to part b change?
ACCT 567 Week 7 Homework Problems: 16-3,17-6
The Village of Dover administers a defined benefit pension plan for its police and fire personnel. A narrative explanation of the contents of the Homeworrk. None of the above 8.
GASB standards require governmental entities to present a comparison of budgeted and actual results for the General Fund and special revenue funds with legally adopted budgets. Elizabeth College, a small private college, had the following transactions in fiscal year When collected in cash. ACCT Week 3 Problems and Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.
Only after the work is completely finished for the project. Abraham Baldwin Agricultural College Term: Net position and results of the financial operations of the government as a whole.
ACCT Week 2 Problems and , , – Devry University
Both A and B would be accounted for in a capital projects fund. Taxes collected by the General Fund and transferred to the debt service fund. Enterprise fund and depreciation on the capital assets should be recorded. Exercises 2—3 and 2—5.
TCOs B and C Capital assets that are used by an enterprise fund should be accounted for in the following fund? When the work has started for the seek.
To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1 percent from the collections for the town, the school district, and the townships. Make all necessary entries in the appropriate governmental fund general journal and the government-wide governmental activities general journal for each of the following transactions entered into by the City of Fordache.
The General Fund of Middleville has presented you with the following trial balance as of June 30, Acct conditions of both A and B homewofk. Charges to departments during the fiscal year were as follows: At the inception of the lease agreement at the lesser of the present value of the minimum lease payments of the fair market value of the property.
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In the period the interfund receivable and payable arise. During the fiscal year ended September 30,the following hoomework summarized occurred: Transfer of the residual equity of a capital projects fund to the debt service fund.
TCO C Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations? This information may not, under any circumstances, be copied, modified, reused, or incorporated into any derivative works or compilations, without the prior written approval of Koofers, Inc. Agency funds use the temporary accounts—Additions and Deductions.