Accounting For Governmental & Nonprofit Entities
Accounting For Governmental & Nonprofit Entities
18th Edition
ISBN: 9781259917059
Author: RECK, Jacqueline L., Lowensohn, Suzanne L., NEELY, Daniel G.
Publisher: Mcgraw-hill Education,
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Chapter 1, Problem 2Q
To determine

Classify the given government by their type.

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Identify the following funding sources as primarily public or private.a. Municipal bondsb. Retained earningsc. Sales taxesd. Automobile license feese. Bank loansf. Savings accountsg. Engineer’s retirement planh. State fishing license revenuesi. Entrance fees to Disneylandj. State park entrance fees
The Village of Rebecca receives photocopy services from its central copy center operation. Which funds would be involved in this transaction? O A) Capital Projects Fund & Internal Service Fund. B) Agency Fund & Internal Service Fund. Agency Fund & General Fund. D) Internal Service Fund & General Fund.
1) State whether each of the following items should be classified as taxes, licences and permits, intergovernmental revenues, charges for services, fines and forfeits or miscellaneous revenue in a governmental fund.       g) Charges to a local university for extra city police protection during sporting events. h) Barbers and hairdressers’ registration fees. i) Donation to government due to coronovirus. j) Parking
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