ACC 574 help A Guide to career/Snaptutorial ACC 574 help A Guide to career/Snaptutorial | Page 9

36) A Special Revenue Fund
1.
must be used to account for all expandable restricted
resources
2.
must be used to account for all nonexpendable restricted
resources
3.
is not required except when its use is legally or contractually
mandated
4.
is used to account for resources restricted for capital or debt
service purposes
37) Taxes receivable of $80,000, which have a related allowance for
uncollectible taxes of $8,000, become delinquent. The entry to record
this includes a debit to
1.
2.
3.
4.
Allowance for Uncollectible Current Taxes
Revenues
Allowance for Uncollectible Delinquent Taxes
Taxes Receivable—Current
38) Sale taxes are an example of which category of nonexchange
transactions?
1.
2.
3.
4.
Imposed tax revenue
Voluntary nonexchange revenue
Government mandated nonexchange revenue
Derived tax revenue
39) Which of the following does not affect the "Excess of Revenues
over Expenditures"?
1.
2.
3.
4.
incurring and paying salaries
transfers from Enterprise Funds
property taxes levied and collected in the year
purchase of capital assets