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Author Question: Debt Service Fund expenditures reported on the Statement of Revenues, Expenditures, and Changes in ... (Read 29 times)

azncindy619

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Debt Service Fund expenditures reported on the Statement of Revenues, Expenditures, and Changes in Fund Balance commonly exclude
 
  A. Fiscal agent fees.
  B. Interest expenditures.
  C. Principal retirement expenditures.
  D. Gains and losses on early retirement of debt.

Question 2

Cumulative results of operations is comprised of
 
  A. Unexpended appropriations and earmarked funds.
  B. Earmarked and non-earmarked funds.
  C. Expended appropriations and unexpended appropriations.
  D. Increases in appropriation authority less expended appropriations and withdrawal of unexpended or unobligated appropriation authority.



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dudman123

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Answer to Question 1

D

Answer to Question 2

B





 

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