Government Accounting

COURSES > ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ENTITIES:, 15/E- WILSON > CONTROL plug-in > POOL MANAGER > POOL CANVAS Pool Canvas Add, modify, and remove dubietys. ingest a question type from the Add Question drop-down number and click Go to add questions. Use Creation Settings to reach which default options, such as feedback and images, are available for question creation. Add !#$%&#()*+%, Creation Settings Name Chapter 06 Accounting for General long-term Liabilities and Debt Service Description Questions which Blackboards sagacity component is unequal to(p) of supporting are not included in the export. instructions Add Question Here -\.$%+/(0 square(a)/ ill-judged Question both general jacket assets acquired or constructed from the proceeds of excess assessment debt, and the related long-term liability are recorded in the political sympathiesal fund. Answer True False Correct Feedback ill-considered Feedback GASB contracts general capital assets and the related long-term liabilities to be report in the governmentwide statements, not in governmental funds. GASB requires general capital assets and the related long-term liabilities to be describe in the governmentwide statements, not in governmental funds. Add Question Here -\.

$%+/(1 True/False Question Debt backed by both special assessments and the full(a) faith and credit of a government should be reported in the government-wide statement of net assets in the Business-type Activities column. Answer True False Correct Feedback Incorrect Feedback GASB standards require that the obligation for special assessment debt be recorded in the governmental activities accounts if the government is obligated in any panache for the debt, even though primary responsibility for the debt rests with taxpayers in the special benefit district. GASB standards require that the obligation for special assessment debt be recorded in the governmental activities accounts if the government is obligated in any manner for the debt, even... If you want to get a full essay, order it on our website: Orderessay

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