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love history [14]
3 years ago
8

A permanent fund classified under governmental funds ... A. Accounts for most of the basic services provided by the governmental

unit. B. Accounts for financial resources intended for major capital projects C. Accounts for services provided by one department of a government to another D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.
Business
2 answers:
Wewaii [24]3 years ago
7 0

Answer:

D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.

Explanation:

Based on the scenario been described in the question, we can say that a permanent fund classified under governmental funds are accounts for resources that are legally restricted so only earnings, not principal, may be expended. We have government funds as special service funds and debt service funds. so we this explanation, we can see that the best is option D which is the correct answer.

Alik [6]3 years ago
4 0

Answer:D. Accounts for resources that are legally restricted so only earnings, not principal, may be expended.

Explanation: For permanent fund to be classified under governmental funds, the accounts for resources are legally restricted so only earnings, not principal, may be expended, and for purposes to benefit the government and its citizenry.

It is specified that the purpose of the funds are to benefit the government and its citizens for it to be, the condition must be met.

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3 years ago
What is the difference between purpose and objectives in setting goals for future .​
Zarrin [17]

Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.

Explanation:

6 0
3 years ago
"When a T-shirt manufacturer states, ""We sell it only in black because that way we can buy plenty of black fabric and run our p
aleksandr82 [10.1K]

Answer:

Production Oriented or Mass Production Era.

Explanation:

This marketing era took place around the mid 1800s and lasted until the early 1920s. It was basically a result of the industrial revolution where mass production started and manufacturing costs started to decrease. Most businesses would produce only one or very few types of products, and most business people thought that if they were to manufacture something, someone would buy it. Since this type of mass production was something totally new, people had lots of products available and relatively cheap for the first time, and indeed most of the production was sold that way.  

3 0
3 years ago
Mr. Slake sold 1,580 shares of publicly traded DDL stock (tax basis $49,240) for $40,000 cash on February 13. He paid $43,000 ca
garik1379 [7]

Answer:

$9,240 loss recognized

$43,000 basis

Explanation:

Tax basis of share purchase is the cost of share together with any tax related to this purchase.

Mr. Slake's loss recognized on the February 13 sale is $9,240 = total cost of 1,580 share purchased in the past - total amount collected from sales of these share =  $49,240 - $40,000 = $9,240

His tax basis in purchase of 1,600 shares on Mar 2 is  $43,000, the total cost he paid to acquire 1,600 shares

5 0
3 years ago
Chou Co. has a net income of $43,000, assets at the beginning of the year are $250,000 and assets at the end of the year are $30
Scrat [10]

Answer:

15.64%

Explanation:

Return on Assets = \frac{Net Income}{Average Total Assets}

= \frac{43,000}{(250,000 + 300,000)/2}  = \frac{43,000}{275,000}

= 0.1564

= 15.64%.

7 0
3 years ago
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