The fund balance reported in the Governmental Funds Balance Sheet must equal the total Net Position in the governmental activities column of the government-wide Statements of Net Position.
Answer the following statement true (T) or false (F)
False
The fund balance reported in the Governmental Funds Balance Sheet must be reconciled to the net position of governmental activities in the Statement of Net Position. These amounts differ because the two statements have different bases of accounting and because most internal service funds are included in the governmental activities column on the government-wide statements.
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Events or transactions occurring after the balance sheet date and before the audit report date, can be useful in identifying and evaluating the reasonableness of estimates
a. True b. False Indicate whether the statement is true or false
If the incremental revenues are greater than the incremental costs, the product should be processed further
Indicate whether the statement is true or false
If bonds were initially issued at a discount, the interest expense on the bonds calculated using the effective interest method will:
A) decrease as the bonds approach their maturity date. B) increase as the bonds approach their maturity date. C) remain constant throughout the bonds' life. D) fluctuate throughout the bonds' life.
What processes and manages algorithms across many machines in a computing environment?
A. Distributed computing B. Analysis paralysis C. Advanced analytics D. Data artist