Pearson eText for Governmental and Nonprofit Accounting -- Instant Access (Pearson+)

11th Edition

ISBN: 9780137561667

Author: Robert Freeman, Craig Shoulders

Publisher: PEARSON+

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Textbook Question

Chapter 2, Problem 2.9E

A city collects property taxes on behalf of the local sanitary, park, and school districts and periodically remits collections to these units. This activity should be accounted for in

a. an Agency Fund.
b. the General Fund.
c. an Internal Service Fund.
d. a Special Revenue Fund.

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Chapter 2, Problem 2.8E

Chapter 2, Problem 2.10E

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Chapter 2 Solutions

Pearson eText for Governmental and Nonprofit Accounting -- Instant Access (Pearson+)

Ch. 2 - Governmental accounting systems are different from...Ch. 2 - Funds used in state and local government...Ch. 2 - Prob. 3Q Ch. 2 - Why are a municipalitys general capital assets and...Ch. 2 - Prob. 5Q Ch. 2 - Under what circumstances should a government use a...Ch. 2 - Identify the fund types that are classified as...Ch. 2 - Prob. 8Q Ch. 2 - Prob. 9Q Ch. 2 - Prob. 10Q

Ch. 2 - Define interfund loans and interfund transfers,...Ch. 2 - Prob. 12Q Ch. 2 - Prob. 13Q Ch. 2 - What is the accounting equation for a governmental...Ch. 2 - Prob. 15Q Ch. 2 - Prob. 16Q Ch. 2 - Prob. 17Q Ch. 2 - Prob. 18Q Ch. 2 - Prob. 1.1E Ch. 2 - Financial assets include a. capital assets that...Ch. 2 - All of the following are considered governmental...Ch. 2 - Each of the following is a fiduciary fund except...Ch. 2 - Prob. 1.5E Ch. 2 - Which of the following transactions would not be...Ch. 2 - The transactions associated with a Community...Ch. 2 - The city of Hannah has established a trust to...Ch. 2 - A transaction in which a municipal electric...Ch. 2 - Prob. 1.10E Ch. 2 - The operations of a municipal governments public...Ch. 2 - The proceeds of a federal grant made to assist in...Ch. 2 - The receipts from a special tax levy to retire and...Ch. 2 - The operations of a municipal swimming pool with...Ch. 2 - Prob. 2.5E Ch. 2 - A municipalitys issuance of general obligation...Ch. 2 - Expenditures of 200,000 were made during the year...Ch. 2 - The activities of a central motor pool that...Ch. 2 - A city collects property taxes on behalf of the...Ch. 2 - A transaction in which a municipal electric...Ch. 2 - (Fund and Nonfund Accounts Identification)...Ch. 2 - Prob. 4E Ch. 2 - Prob. 5E Ch. 2 - Prob. 6E Ch. 2 - Prob. 7E Ch. 2 - Prob. 8E Ch. 2 - Prob. 9E Ch. 2 - Prob. 10E Ch. 2 - a. Analyze the effects of each of the following...Ch. 2 - a. Analyze the effects of the following...Ch. 2 - Prob. 3P Ch. 2 - Prob. 4P Ch. 2 - Prob. 5P Ch. 2 - Prob. 6P Ch. 2 - (State of CaliforniaFund Identification) The...Ch. 2 - a. Analyze the effects of the following...

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A city collects property taxes on behalf of the local sanitary, park, and school districts and periodically remits collections to these units. This activity should be accounted for in a. an Agency Fund. b. the General Fund. c. an Internal Service Fund. d. a Special Revenue Fund.

Solution Summary: The author explains that the city collects property taxes on behalf of the local sanitary, park, and school districts and periodically remits collections to these units.

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