This topic contains a solution. Click here to go to the answer

Author Question: In the federal government, which organizations make appropriations and which make apportionments? ... (Read 129 times)

asmith134

  • Hero Member
  • *****
  • Posts: 576
In the federal government, which organizations make appropriations and which make apportionments?
 
  a. The Congress makes appropriations, and department heads apportion the appropriations to individual agencies or divisions within the department.
  b. The Congress makes appropriations, and the Treasury Department appropriates to individual departments the total amount apportioned by the Congress.
  c. The President makes appropriations, and department heads periodically apportion parts of the appropriations to agencies in the department.
  d. The Congress makes appropriations, and the Office of Management and Budget periodically apportions parts of the appropriations to departments.

Question 2

A not-for-profit university uses fund accounting. It maintains a Loan Fund to account for its extensive program of financial assistance to students.
 
  The Loan Funds are derived from many sources, including both donations and amounts set aside by the university's governing board. When it prepares its statement of financial position, how should the university classify the net assets of the Loan Fund?
   a. All net assets should be classified as temporarily restricted.
   b. All net assets should be classified as permanently restricted.
   c. Net assets should be classified as either temporarily or permanently restricted, depending on the restrictions imposed by the governing board and the donors.
   d. Net assets set aside by the governing board should be classified as unrestricted, and net assets from donations should be classified as temporarily or permanently restricted, depending on the nature of the donor-imposed restrictions.



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

pratush dev

  • Sr. Member
  • ****
  • Posts: 321
Answer to Question 1

d

Answer to Question 2

d




asmith134

  • Member
  • Posts: 576
Reply 2 on: Jul 5, 2018
:D TYSM


Kedrick2014

  • Member
  • Posts: 359
Reply 3 on: Yesterday
Great answer, keep it coming :)

 

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates's recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

For about 100 years, scientists thought that peptic ulcers were caused by stress, spicy food, and alcohol. Later, researchers added stomach acid to the list of causes and began treating ulcers with antacids. Now it is known that peptic ulcers are predominantly caused by Helicobacter pylori, a spiral-shaped bacterium that normally exist in the stomach.

Did you know?

The first war in which wide-scale use of anesthetics occurred was the Civil War, and 80% of all wounds were in the extremities.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

For a complete list of videos, visit our video library