ACC 574 help A Guide to career/Snaptutorial ACC 574 help A Guide to career/Snaptutorial | Page 7

1.
Advertising on the Internet by a defense contractor
2.
Depreciation expense on the equipment used in a federal
research grant
3.
Lobbying for continuation of an educational program by the
school administrator
4.
Indirect costs of the state legislature
20) Which of the following should not be reported as a liability of the
General Fund?
1.
2.
3.
4.
General obligation bonds payable (due in 10 years)
Due to federal government
Vouchers payable
Tax anticipation notes payable
21) Cash disbursements budgets
1.
need to be prepared because GASB standards specify the use
of the accrual basis of accounting for governments
2.
should be prepared only for each fiscal year because
disbursements for each month are approximately equal
3.
should usually be prepared for each month of the year, or for
shorter intervals, in order to facilitate planning short-term borrowings
and investments
4.
should be prepared only for funds not required to operate
under legal appropriation budgets
22) The schedule of legally required events in the budgeting process
is generally referred to as the
1.
2.
3.
4.
budget docket
budget calendar
legal timetable
hearing schedule