Multiple Choice
If special assessment receivables are recorded in the accounts of a custodial fund, the appropriate account(s) to credit upon receipt of assessments from property owners will include:
A) Contributions to Net Position.
B) Revenues and Deferred Revenues.
C) Due to Special Assessment Bondholders-Principal.
D) Interfund Transfers In.
Correct Answer:

Verified
Correct Answer:
Verified
Q38: In pension accounting, the employer's net pension
Q39: The GASB requires disclosures related to three
Q40: Most investment trust funds distribute investment earnings
Q41: Which of the statements concerning custodial funds
Q42: Which of the following statements is True
Q44: Kirby County established a tax custodial fund
Q45: Which of these fiduciary fund types is
Q46: Trust funds should utilize the accrual basis
Q47: Which of the following statements is True
Q48: Earnings on pooled investments and changes in