ACC 577 Week 10 Quiz Question 1
Which of the following is a required financial statement for an investment trust fund?
Question 2
Taxes collected and held by Franklin County for a separate school district would be accounted for in which fund?
Question 3
During the past fiscal year, Arnett County recorded the following transactions: Receipt of $ 36,000 of intergovernmental revenues which must be used to provide medical assistance to victims of natural disasters. Investment earnings of $ 5,000 from an endowment established by the local Lions Club to subsidize summer camp for the Boy Scouts with demonstrated financial need. $ 3,000,000 in proceeds from revenue bonds. How much money from these transactions should Arnett record in Special Revenue funds?
Question 4
What is the basic criterion used to determine the reporting entity for a governmental unit?
Question 5