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r-ruslan [8.4K]
3 years ago
5

Which of the following financial statements must special-purpose governments include in their financial statements if the specia

l purpose government is engaged in both governmental and business-type activities or in more than one governmental activity? Multiple Choice a.Government-wide financial statements. b.Fund basis financial statements. c.Both of the above. d.Neither of the above.
Business
1 answer:
Valentin [98]3 years ago
6 0

Answer:

C) Both of the above.

  • a.Government-wide financial statements.
  • b.Fund basis financial statements.

Explanation:

Government wide financial statements basically include all the government's funds and accounts. They are generally reported all the financial transactions of the government during the year.

Fund based financial statements generally only report a specific fund's financial statement. The accounting basis for each fund might vary depending on the specific fund which is being reported. they also provide more detailed information about the specific activities included in the fund.

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In 2008, the United States began to witness one of the worst recessions since the 1930s. The collapse of the housing bubble in 2
deff fn [24]

Answer:

B. Liquidation.

Explanation:

Liquidation is and aftermath of the inability of a company or establishment to meet up with her obligations at the required moment. Thus, the company folds-up, lay off her staff and stop operating. While reorganization is a form of restructuring in a company or establishment. It may involve change of positions and duties among capable staff.

The example in the given scenario is that of liquidation because it ceased from operation.

3 0
3 years ago
The treasurer of a major U.S. firm has $29 million to invest for three months. The interest rate in the United States is .29 per
7nadin3 [17]

Answer:

Check the following calculations.

Explanation:

The U.S. firm has $29 million

Investment is for three months

And the interest rate in the United States is .29 percent per month

The value of the investment if the money is invested in U.S

= $29 million *(1+ 0.29%) ^3

= $29.2530 million

The interest rate in Great Britain is .33 percent per month.

The spot exchange rate is £.629

And the three-month forward rate is £.632.

The value of the investment if the money is invested in Great Britain

Value after spot exchange = $29 million *(£.629/$1) = £ 18.241 million

Value after three months interest earning = £ 18.241*(1+0.33%) ^3

= £ 18.4222 million

Exchanging again in US $ after 3 months

= £ 18.4222 *($1/£ .632) = $29.1490 million

Therefore the value of the investment if the money is invested in Great Britain is $29.1490 million.

The value of investment will be more if the money is invested in U.S.

6 0
3 years ago
The manager is responsible for keeping up to date on all regulations and food safety practices as well as _______ and monitoring
EleoNora [17]

The manager is responsible for keeping up to date on all regulations and food safety practices as well as food-borne illness and monitoring their entire staff.

<h3>How does food safety work?</h3>

In order to minimize the chance that people can contract a foodborne illness, food must be handled, prepared, and stored safely.

Food safety is an issue that affects many facets of daily living on a worldwide scale.

To avoid food becoming contaminated and resulting in food poisoning, food safety guidelines are followed. This is accomplished using a variety of methods, including some of the following:

1) Thoroughly cleaning and sanitizing all surfaces, tools, and implements

2) Upholding strict personal hygiene standards, particularly hand washing

3) Proper food storage, cooling, and heating in terms of temperature, surroundings, and apparatus.

4) Implementing efficient pest management

5) Understanding food intolerance, allergies, and food poisoning.

To know more about food safety visit:

brainly.com/question/16360633

#SPJ4

4 0
1 year ago
A group of business entrepreneurs who worried about their teenage children drinking and driving decided there must be some way t
vfiekz [6]

Answer: A) Prototype

Explanation:

The first model shown to entrepenuers are called prototypes

proto- before

6 0
3 years ago
Describe the types of information employees at an apple store require and compare it to the types of information the executives
labwork [276]
Both must be familiar with the new and old products as well as updates and quick fixes. However those in corporate are in charge of developing new products and keeping the older ones updated.
5 0
3 years ago
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