The answer is TRUE as per summary of statement no 6 on accounting and financial reporting for special assessments issued by GASB
true or false QUESTION 26 Governments can account for enterprise-related special assessments in enterprise funds or...
As was true for governmental funds, major enterprise funds are to be presented, along with columns for non major funds and total enterprise funds, where appropriate. True or False
Fiduciary funds are sometimes identified in the annual reports of state and local governments as "Ancillary Funds." Question 100 options: True False
Question 26 (1 point) Competition forces governments to self-correct and allow for greater equality and fairness for all citizens O True False Question 27 (1 point) Theocracies and totalitarian regimes offer citizens a severe form of expression of individual freedoms True False O
1. With respect to the preparation of fund basis financial statements, enterprise funds are considered to be major when which of the following conditions exist? Multiple Choice Both When total assets, liabilities, revenues, or expenses of that individual enterprise fund constitutes 10% of the total for the enterprise fund category and When total assets, liabilities, revenues, or expenses of that individual enterprise fund are 5% of the total of the governmental and enterprise categories, combined required to be a major...
QUESTION 25 Negative reinforcement can create an unpleasant work environment O True O False QUESTION 26 O True The concept of motivation is concemed with the direction of the worker's behavior, the amount of effort of the worker, and the level of persistence of the worker O False
Question 37 2 pts An enterprise system can rewrite enterprise system software to support existing business processes. O True . False
State whether the following are true or false. For the false items, explain why they are false. a. Enterprise Funds are used only when all services are provided to non-governmental entities, and Internal Service Funds are used only when all services are provided to governmental agencies that are a part of the reporting government. b. Enterprise Funds use the economic resources measurement focus and full accrual basis of accounting only when they want to compute the costs of...
QUESTION 7 Depreciation expense is a use of funds True False QUESTION 8 A firm's operating profit is equal to its EBIT True False QUESTION 9 Accrulas for a company are payables for serivces already rendered True False
The collection of taxes or other revenues by one government for several of the funds it operates and for other governments often results in the creation of a trust fund. Question 98 options: True False
You can invest in real estate through mutual funds. True False