Ask Question
BusinessBusiness
13 March, 15:56

Governments that centralize their risk financing activities should account for this activity in which type of fund?

+5
Answers (1)
  1. 13 March, 17:56
    0
    The correct answer is letter "D": Either the General Fund or Internal Service Fund is acceptable.

    Explanation:

    The General Fund is used by the government to record all the inflows and outflows of the transactions related to daily use expenditures and long-term operations. The agency that provides the resources is the Department of Treasury through loans receivable.

    The Internal Service Fund record all transactions derived from the expenditures in the use of goods or services among government departments and agencies on a cost-reimbursement basis.

    Thus, when reporting governmental financial activities, the can be recorded in the General Fund or the Internal Service Fund.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Governments that centralize their risk financing activities should account for this activity in which type of fund? ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
According to purchasing power parity, if the Federal Reserve increased the money supply leading to higher U. S. inflation, then (a) U. S. prices would rise and the nominal exchange rate would rise. (b) U. S.
Answers (1)
Arundel Company disclosed the following information for its recent calendar year. Income Statement Data Selected Year-End Balance Sheet Data Revenues $120,000 Accounts receivable decrease $29,000 Expenses: Purchased a machine for cash 20,000
Answers (1)
How does purchase a car affect the economy?
Answers (1)
a. Suppose that banks have decided they need to keep a reserve ratio of 10%-this guarantees that they'll have enough cash in ATMs to keep depositors happy, and enough electronic deposits at the Federal Reserve so that they can redeem checks
Answers (1)
When the laptop market overtook the desktop market, Blue Tech Inc., a leader in desktop technology, was left at a competitive disadvantage. Later, Blue Tech Inc.
Answers (1)
New Questions in Business
Vinnie had a lot of credit cards, and he did have fun with them! then he nearly went broke. what was the main thing vinnie did wrong?
Answers (1)
On October 1, Sam's Painting Service borrows $150,000 from National Bank on a 3-month, $150,000, 4% note.
Answers (1)
Explain the differences between transactional and relationship marketing. How do these differences lead to increasing emphasis on logistical performance in supply chain management
Answers (1)
The term "spontaneously generated funds" generally refers to increases in the cash account that result from growth in sales, assuming the firm is operating with a positive profit margin. a. True b. False
Answers (1)
Identical products, as well as a large number of buyers and sellers, are characteristics of a monopolistic market. in such markets, sellers of goods cannot influence the prevailing market price, giving them the role of price in the market.
Answers (1)
Home » Business » Governments that centralize their risk financing activities should account for this activity in which type of fund?
Sign Up Forgot Password?