Under GASB standards, enterprise funds must be used under which circumstances?
What will be an ideal response?
When Debt is backed solely by fees and charges.
When a legal requirement exists that the cost of providing services for an activity, including capital costs, be recovered through fees or charges.
When a government has a policy to establish fees and charges to cover the cost of providing services for an activity
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The Computer Fraud and Abuse Act:
A. prohibits interference with computers used by the government or financial institutions. B. includes only criminal penalties. C. enables providers to disclose the contents of electronic communication to intelligence officials under any circumstance. D. prohibits an authorized person from unknowingly transmitting a code to a computer used in interstate commerce.
The joint efforts of the FASB and the IASB to set forth qualitative characteristics of financial reporting information have led to which of the following tentative pervasive constraints?
a. cost, only b. materiality, only c. understandability, only d. timeliness, only e. materiality and cost
A person who has alternative periods of sanity and insanity can enter into contracts ________
A) when he or she is in a state of sanity B) when there is a legal guardian appointed by the court for that person C) once he or she has been adjudged to be insane D) only once he or she has been adjudged to be legally insane
Choose the correct word or words in parentheses. Aunt Grace looks older (then, than) I remember