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Y_Kistochka [10]
4 years ago
10

A state or local government has the following funds Special revenue fund Pension (and other employee benefit) Enterprise fund Pe

rmanent fund Internal service fund Private purpose trust fund Custodial fund How many governmental funds does this entity have?
Business
1 answer:
SIZIF [17.4K]4 years ago
8 0

Answer:

Sales taxes collected by Harold to be distributed to other governmental units: 500,000 ... A special revenue fund is a governmental fund that accounts for the proceeds of specific revenue sources legally ... A state or local government has the following funds: ... Both proprietary funds (enterprise and internal service) are listed.

Explanation:

The financial statements of governmental funds are prepared on the modified accrual basis of accounting. Under modified accrual accounting, revenues are recognized when they are both measurable and available to finance expenditures of the current period.

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Answer:

A. Appropriation

Explanation:

Appropriation is the act of taking something such as an idea, custom, or style from a group or culture that you are not a member of and using it yourself.

8 0
3 years ago
Helen, a single taxpayer, has modified adjusted gross income (before passive losses) of $126,000. During the tax year, Helen’s r
Ber [7]

Answer:

So Helen can only make a deduction of $12000 from the value.

Explanation:

The amount is given as

The maximum value of phase out allowance is $25000

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3 0
3 years ago
Suppose business decision makers become more optimistic about the future and, as a result, increase their investment spending by
Art [367]

Answer:

$80 million

Explanation:

We know that

Multiplier = (1) ÷ (1 - marginal propensity to consume)

                = (1) ÷ (1 - 0.75)

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                = 4

Now the GDP would increase by

= Increase in  Investment spending × multiplier effect

= $20 billion × 4

= $80 million increase

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4 0
3 years ago
After explaining a new procedure to her employees, amy asks, "is there anything that wasn't clear?" she is asking this question
zheka24 [161]
TRUE. After explaining a new procedure to her employees, amy asks, "is there anything that wasn't clear?" she is asking this question to encourage feedback.
8 0
4 years ago
In order for an importer to be found compliant under the concept of informed compliance, it must demonstrate that it has exercis
Rudiy27

Answer:

True

Explanation:

For instance, for a car importer to become compliant, the importer must show that it exercised reasonable care in the filing of its Customs entries—by following a standard of behavior set by the law. Which includes hiring a customs specialist

6 0
3 years ago
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