Governmental funds do not include:
A. Agency funds.
B. Special revenue funds.
C. Debt service funds.
D. The General fund.
Answer: A
You might also like to view...
Capital expenditures are costs that are charged to stockholders' equity accounts
a. True b. False Indicate whether the statement is true or false
Dave is a part of the strategic retail planning process in his organization. He has defined the business mission. Which of the following steps is most likely Dave's next stage in the strategic planning process?
A. Conduct a SWOT analysis. B. Develop a retail mix to implement strategy. C. Evaluate performance and make adjustments. D. Establish specific objectives and allocate resources. E. Evaluate strategic alternatives.
An amount for Retained Earnings would not appear in which of the following work sheet columns?
a. Trial Balance b. Income Statement c. Balance Sheet d. Adjusted Trial Balance
Blue Skies Travel charges Ok-Bong Lee a total of $3,500 for a trip to North Korea. After Lee pays the invoice, Blue Skies discovers that it failed to charge a special tax levied by the North Korean government on foreign travelers
Blue Skies sends an additional invoice to Lee, who refuses to pay, saying a deal is a deal. Which of the following is correct? A) This is a mistake of fact on the part of Blue Skies. It is entitled to rectification of the contract – that is, to include the extra charge. B) This is a mistake of law on the part of Blue Skies. The contract is binding on it. C) This is a mutual mistake. The contract cannot be rescinded or changed. D) This is a mistake as to interpretation of the contract. Blue Skies is entitled to damages. E) Lee cannot take advantage of Blue Skies' unilateral mistake, and must pay the additional charge.