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MSB WTR10 AC 330 XM1
MSB GovNFP Unit 3
|Expenses - Program Revenues =
|Net (Expense) Revenue
|Expenditures are classifed as
|1) Fund2) Function or program3) Organization Unit4) Activity5) Character6) Object
|Authorization for administrators to expend financial resources on behalf of the government is
|When a purchase order or contract has been issued the appropriation has been
|An internal allocation of funds on a periodic basis is referred to as an
|Taxes, special assessments, licenses and permits, charges for services, and fines and forfeits are all examples of
|Which financial statement shows for each program expenses minus program revenues equalling net (expense) revenue?
|Government-wide Statement of Activities
|Other Financing Sources are
|Transfers into a fund and debt issue proceeds received by a fund.
|How many days after the end of the fiscal period must property taxes be expected to be collected before they can be recognized as available revenue in the current period?
|What accounts have normal balances that are the opposite of the corresponding operating statement accounts?