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 4, Problem 3.6E

The fund balance category used to reflect a positive residual of assets less liabilities in any fund other than the General Fund is

a. assigned fund balance.
b. committed fund balance.
c. nonspendable fund balance.
d. restricted fund balance.

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Chapter 4, Problem 3.5E

Chapter 4, Problem 4.1E

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Chapter 4 Solutions

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

Ch. 4 - Prob. 1Q Ch. 4 - What characteristics of expenditures distinguish...Ch. 4 - How does the purchase of a capital asset affect...Ch. 4 - Prob. 4Q Ch. 4 - Explain what is meant by General Ledger control...Ch. 4 - List and explain the five fund balance reporting...Ch. 4 - Prob. 7Q Ch. 4 - Prob. 8Q Ch. 4 - Prob. 9Q Ch. 4 - Prob. 11Q

Ch. 4 - Prob. 12Q Ch. 4 - Define the following interfund transaction terms...Ch. 4 - What are the most likely circumstances to cause...Ch. 4 - Explain the purpose, nature, and effect of the...Ch. 4 - Which of the following is a characteristic of a...Ch. 4 - Prob. 1.2E Ch. 4 - Assume that Nathan County has levied its...Ch. 4 - Refer to the previous question. What amount of tax...Ch. 4 - Assume the following transactions that affected...Ch. 4 - Prob. 1.6E Ch. 4 - The GAAP-based statements that are required to be...Ch. 4 - A city levies property taxes of 500,000 for its...Ch. 4 - At year end a school district purchases...Ch. 4 - A state borrowed 10,000,000 on a 9-month, 9% note...Ch. 4 - Charges for services rendered by a countys General...Ch. 4 - Prob. 2.5E Ch. 4 - In the Statement of Revenues, Expenditures, and...Ch. 4 - The minimum expenditure classifications required...Ch. 4 - Which fund balance category is affected by having...Ch. 4 - Prob. 3.2E Ch. 4 - Prob. 3.3E Ch. 4 - The GAAP fund balance classifications are...Ch. 4 - The fund balance category that can have either a...Ch. 4 - The fund balance category used to reflect a...Ch. 4 - The fund balance category that must be zero if...Ch. 4 - Enabling legislation requiring that resources be...Ch. 4 - Prob. 4.3E Ch. 4 - Prob. 4.4E Ch. 4 - Prob. 4.5E Ch. 4 - Prob. 5E Ch. 4 - (Expenditure Accounting Entries) Record the...Ch. 4 - (Statement of Revenues, Expenditures, and Changes...Ch. 4 - (Fund Balance Classification) Your firm is...Ch. 4 - (Interfund Transactions and Errors) (a) Prepare...Ch. 4 - (General FundTypical Transactions) Prepare all...Ch. 4 - Prob. 3P Ch. 4 - Prob. 4P Ch. 4 - (GL and SL Entries) Prepare in proper form the...Ch. 4 - (Debt-Related Transactions) Prepare the general...Ch. 4 - (Closing Entries and Financial Statements) The...Ch. 4 - (Statement of Revenues, Expenditures, and Changes...Ch. 4 - Statement of Revenues, Expenditures, and Changes...Ch. 4 - Fund Balance Reporting (Fund Balance Reporting)...Ch. 4 - Prob. 1C Ch. 4 - (Financial Statement PreparationCity of Savannah,...

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The fund balance category used to reflect a positive residual of assets less liabilities in any fund other than the General Fund is a. assigned fund balance. b. committed fund balance. c. nonspendable fund balance. d. restricted fund balance.

Solution Summary: The author identifies the correct answer by related to fund balance category. Assigned funds are used by the government for specific purposes that are neither restricted nor committed.

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