Which of the following is an example of activities that are likely to be accounted for in a government's general fund? a. sales taxes collected by a state on behalf of counties within the state b. donations that must be kept intact, but whose income must be used to beautify parks c. property taxes levied and collected. d. electricity utilities of government that are financed by user charge

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Q: The following events take place: 1. 2. 3. James Smith died and left 100 acres of undeveloped land to…

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Q: Which of the following funds is used to account for government sponsored investment pools that…

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Q: In which of the following fund types of a city government are revenues and expe recognized on the…

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Q: Which one of the following transactions would typically not be recognized in the fiduciary fund? a.…

A: There are three categories of funds in the governmental accounting system.

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A: The questions are answered below. Please note all questions are answered in English.

Q: 12) Internal Service Funds differ from Enterprise Funds because Internal Service Funds A) are a…

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Q: Which of the following would be considered a program revenue in the statement of activities for a…

A: Given: The consideration of the revenue program in the governmental activity statement.

Q: In a county's ACFR, the basic financial statements are Select one: O a. the government-wide and fund…

A: An ACFR is an Annual Comprehensive Financial Report. It is a set of financial statements for a…

Q: the fund-based and government-wide financial statements of a state or local government and the…

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Q: How do governmental funds report capital outlay in fund financial statements? How do government-wide…

A: Explain how governmental funds report capital outlay in fund financial statements and how government…

Q: Which of the following is true regarding the use of Special Revenue Funds?   Multiple Choice…

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Q: governmental funds

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Q: What are the measurement focuses and basis of accounting of governmental funds? What is the…

A: It is necessary that every government agency and department maintain accurate financial accounting…

Q: Which governmental fund includes resources that are legally restricted so that the governmental…

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Q: What is the basic structure of government-wide financial statements and fund financial statements…

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Q: C. Using the contents presented in the Units supported by information in the relevant IPSASs, give a…

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Q: Please all options information and correct answer

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A: Solution: Government spends money from its treasuries to fulfil various needs for people in economy.

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Q: A local government can allocate fund to a religious institution provided that such fund will be used…

A: Following is the answer to the given question.

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A: correct option with proper explanation are as follows

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A: Modified accrual basis of accounting is a method of accounting where the revenues are recorded when…

Q: Explain the difference between expenses and expenditures in a state and a local government.

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Q: ment-mandated non-exchange transactions.

A: Given: To explain the correct option as,

Q: How is the concept of value for money applied in distribution of district assembly common fund

A: Introduction:   The District Assemblies' Common Fund (DACF) is a pool of resources created under…