With respect to reporting for the General Fund, what is the difference between GAAP basis and budgetary basis reporting?
What will be an ideal response?
GAAP basis is used for the Balance Sheet and Statement of Revenues, Expenditures and Changes in Fund Balance. Budgetary basis is used to report the "Actual" column in the budgetary comparison schedule which must be prepared according to legal requirements for budget preparation; even if it is a departure from GASB standards.
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When the Fed adopts a contractionary monetary policy, the interest rate at which the Fed lends to other banks will be expected to _____ and the money supply in the economy would be expected to ____.
A. decrease; decrease B. decrease; increase C. increase; decrease D. increase; increase
Which of the following would not be included in inventory costs?
a. Freight costs incurred by the buyer in shipping inventory to its place of business. b. The cost of insurance taken out during the time that inventory is in transit. c. The cost of storing inventory before it is ready to be sold. d. Shelving to hold the inventory.
PowerPoint report decks ________
A) are designed to be read as well as presented B) cannot be sent as email attachments C) cannot be printed out for participants at a meeting D) require the presence of a presenter E) contain slides that are less detailed than those in traditional presentations
What types of firms typically operate distribution centers?
What will be an ideal response?