Multiple Choice
Which of the following characteristics would not define an organization as governmental?
A) The power to enact and enforce a tax levy.
B) The potential for unilateral dissolution by a government with the net assets reverting to a government.
C) The receipt of grant money from a state or local government for the purpose of providing services to the public.
D) All of the above.
Correct Answer:

Verified
Correct Answer:
Verified
Q6: Contrast the economic resources measurement focus and
Q17: A city government collects local option sales
Q39: Depreciation on capital assets is included as
Q40: One objective of the Governmental Accounting Standards
Q59: An organization is presumed to be governmental
Q59: Governmental funds include:<br>A) Special revenue funds<br>B) Internal
Q65: The Governmental Accounting Standards Board sets financial
Q101: What are the four objectives that should
Q102: The GASB Concept Statement on Service Efforts
Q110: Which of the following best describes how