For the following items that require reconciliation between governmental funds financial statements and governmental activities financial statements at the government-wide level according to GASB standards, indicate which is the best appropriate terms.(A) Always be subtracted from fund balances-governmental funds.(B) Always be added to fund balances-governmental funds.(C) May be added to or subtracted from fund balances-governmental funds in arriving at net position of governmental activities.________ 1. Capital assets used in governmental activities________ 2. Long-term liabilities that are not payable in the current period________ 3. Net position of internal service funds that are primarily governmental in nature________ 4. Accrued interest payable not due in the current period
What will be an ideal response?
1. B, 2. A, 3. C, 4. A
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According to Truth in Lending Act (TILA), charges on a stolen credit card that exceed $50 would generally:
A. have to be paid by the cardholder. B. not have to be paid by the cardholder. C. have to be recovered from the person who stole the card. D. have to be recovered by the bank.
Collective team mental self-leadership strategies include:
a. mental imagery b. team self-talk c. thought patterns d. all of the above
A consideration need not be of legal value to be enforceable
Indicate whether the statement is true or false
Which of the following is an accurate description of wrongful dishonor of a check?
A) A bank refusing to honor a properly payable check when there are sufficient funds in the drawer's account. B) A bank refusing to honor a certified check when it is presented for payment more than a year from its date of issue. C) A bank refusing to honor a check which has been outstanding for only a few days more than six months from the date of issue. D) A bank refusing to honor an ordinary check when it believes that the payee has altered the amount on the check.