1 The entry to re-establish encumbrances related to purchase orders from the prior year would include:
2 Expenditures are generally recorded and fund liabilities are recognized
3 When payrolls and other liabilities are incurred and must be paid before substantial amounts of cash will be collected, what type of short-term note is desirable and secured by a government’s power to tax?
4 Which of the following is true regarding modified accrual accounting?
5 What is a Special Revenue Fund?
6 Which of the following is not likely to be recorded in a special revenue fund?
7 When would a special revenue fund be deemed to have satisfied the eligibility requirement of a reimbursement-type federal grant, under GASB Statement 33?
8 Under the modified accrual basis of accounting, GASB standards for property tax revenue recognition provide that revenue should not be recognized for property taxes collected:
9 Short-term loans which are backed by the taxing power of the governmental unit and used to meet working capital requirements are called: