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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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Lewis Company sold equipment for $11,000. The equipment originally cost $25,000 in 2014 and $6,000 was spent on a major overhaul
vredina [299]

Answer:

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

Explanation:

Preparation of the Journal entry to record the disposition of the equipment

Since we were told that Lewis Company sold

the equipment for the amount of $11,000 in which the Accumulated Depreciation on the equipment to the date of disposal was the amount of $20,000 this means the journal entry to record the disposition of the equipment will be :

Dr Cash 11,000

Dr Accumulated Depreciation-Equipment 20,000

Equipment 31,000

(20,000+11,000)

4 0
3 years ago
Assume a systems development project effort calculation determines that the system will require 240 function points. if the deve
kakasveta [241]

The guess the correct answer is much less.

Assume a systems development project effort calculation determines that the system will require 240 function points. If the developers choose to implement this system in the C programming language, approximately 31,200 lines of code will have to be written. If the developers choose Visual Basic to implement the system, the number of lines of code will be much less.

4 0
3 years ago
Wansley Enterprises is considering a new project. The company has a beta of 1.0, and its sales and profits are positively correl
Bezzdna [24]

Answer:

A. The proposed new project would have more stand-alone risk than the firm's typical project.

Explanation:

4 0
3 years ago
Without nonverbal cues, ____ and ____ are more important when you use an office phone
Butoxors [25]

When using an office phone or any phone for calling someone, the two most important things to make sure is the etiquette and the voice. This is because in the absence of visual actions or nonverbal clues when talking through the phone, the other person on the line might likely misinterpret what you are really trying to convey.

 

Answers:

<u>etiquette</u> and <u>voice</u>

7 0
4 years ago
Berry Good LLC registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice
artcher [175]

Answer:

b. Creamy Inc.

Explanation:

From the question we are informed about Berry Good LLC which registers its trademark with the U.S. Patent and Trademark office and uses it to market a distinctive line of ice cream products. Creamy Inc. uses the mark without Berry's consent to sell imitation frozen desserts. Berry has a cause of action against Creamy Inc. What happen here was a Trademark infringement on Creamy Inc part. Infringement can be regarded as violation of exclusive rights that is associated with someone trademark. This as a result of not taken authorization from the owner of the Trade mark who has the licensees

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3 years ago
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