Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year. To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

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Chapter 17, Problem 17.11E

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Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

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Question

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

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Answer 3

Question

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

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Answer 4

Question

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

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Answer 5

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

Answer 6

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

Answer 7

Chapter 17, Problem 17.11E

To determine

Concept introduction:

Operating statement: The statement of revenues, expenditures, and changes in fund balance is called an operating statement of the governmental funds. The top section contains revenues less expenditures for the period. The difference indicates excess or deficiency of revenues over expenditures. It also includes nonrevenue items such as bonds inter-fund transfers. Below that lists extraordinary items that are both unusual and infrequent bottom include fund balance both the beginning and end of the year.

To explain: The preparation of general fund−only statement of revenues, expenditures and changes in fund balance for fiscal year 20X1.

Answer 8

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Answer 11

Ch. 17 - Prob. 17.1Q Ch. 17 - What are the nine funds that local and state...Ch. 17 - Compare the modified accrual basis with the...Ch. 17 - Prob. 17.4Q Ch. 17 - When are property taxes recognized as revenue in...Ch. 17 - Prob. 17.6Q Ch. 17 - Prob. 17.7Q Ch. 17 - Are all expenditures encumbered?Ch. 17 - Prob. 17.9Q Ch. 17 - Prob. 17.10Q

Solution Summary: The author explains the operating statement of the governmental funds. The top section contains revenues less expenditures for the period and includes nonrevenue items such as bonds inter-fund transfers.

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