What are the five categories of fund balance on a Governmental Funds Balance Sheet?
What will be an ideal response?
Non-spendable
Restricted
Committed
Assigned
Unassigned
You might also like to view...
At the beginning of 2019, Gourmet Cupcakes Company has the following ledger balances:
Accounts Receivable $45,000 (Debit) Allowance for Bad Debts $6000 (Credit) During the year, credit sales amounted to $820,000. Cash collected on credit sales amounted to $780,000, and $18,000 has been written off. Gourmet Cupcakes uses the aging-of-receivables method to record bad debts expense. The estimate of uncollectible accounts was $28,000. The ending balance in the Allowance for Bad Debts is ________. A) $40,000 B) $18,000 C) $28,000 D) $22,000
Which of the following descriptions is not a key priority to support the work of professional accountants in embedding sustainable practices?
a. Raising awareness and facilitating sharing and collaboration across the global accountancy community. b. Incorporating accounting for sustainability within professional training and education. c. Using traditional ways of thinking about organizational performance. d. Establishing an international integrated reporting committee to develop a new reporting model that will better reflect the interconnected impact of financial, environmental, social, and governance factors on the long-term performance and condition of an organization.
The argument that a strong organizational culture leads to superior organizational performance was originally articulated by ___________.
a. Karl Marx b. Kono and Clegg c. Peters and Waterman d. Terence and Patrick
Alex leases property from Sandra for business. Alex opens a hardware repair shop in this property. He affixes welding equipment to the property. After a period of time, Alex decides to move his business to a different location
Which of the following statements is true of this scenario? A) Alex may not move the welding equipment, as it is now Sandra's property. B) Alex may move the welding equipment only if a written agreement states that the parties will treat the welding equipment as his personal property. C) Alex may not move the welding equipment, as it is essential to the functioning of the structure. D) Alex may move the welding equipment, as the welding equipment is a trade fixture.