Multiple Choice
A city government collects local sales taxes legally restricted to pay for the hiring of teachers for hearing impaired school children. Which fund should account for the receipt of the sales taxes?
A) Special revenue fund
B) Capital projects fund
C) Private-purpose trust fund
D) General fund
Correct Answer:
Verified
Correct Answer:
Verified
Q52: The Financial Accounting Standards Board FASB is
Q53: The only objective of the Governmental Accounting
Q54: Governmental funds include:<br>A) Special revenue funds<br>B) Internal
Q55: The GASB does not require supplementary information
Q56: The general fund classified under governmental funds…<br>A)
Q58: FASAB, GASB and FASB standards are set
Q59: An organization is presumed to be governmental
Q60: The Governmental Accounting Standards Board has been
Q61: What is the difference between recording an
Q62: Which of the following are the governmental