A fund that is the result of a trust agreement between a donor/contributor and a government where the principal and/or income of trust assets is for the benefit of individuals, organizations, or other governments is a(n):

A fund that exists when the government is the sponsor of a multi-government investment pool and accounts for the external portion of the trust assets is a(n):

An example of an activity that would not normally be accounted for in an Enterprise fund would be:

The journal entry to record the budget of a Special Revenue Fund would include:

Custodial Fund assets and liabilities are to be recognized:

The City of Sycamore has investments in These bonds have an amortized cost of $1,997,000. At year-end, the financial press reports a market value of $2,002,600 for these bonds. The original cost of the bonds was $1,993,000. The par value at maturity will be $2,000,000. The amount at which the investments would be reported in the financial statements is:

Governmental funds, other than the General Fund, are considered major if: I. Total Assets, Liabilities, Revenues, or Expenditures of that individual governmental fund are at least 10% of the corresponding total (assets, liabilities, and so forth) for all governmental funds. II. Total Assets, Liabilities, Revenues, or Expenditures of the individual governmental fund are at least 5% of the corresponding total for all governmental and enterprise funds combined.

Which of the following accounts of a governmental unit’s General Fund is debited when supplies previously ordered are received?

Moving cash from the General Fund to a Debt Service Fund for payment of debt service, without an expectation of repayment, is an example of a(n):

A donor pledged $200,000 to the fund-raising drive of a local government to assist its police officers in obtaining the latest technology. The pledge was made on July 16, 2019 but was conditioned on the government raising an additional $200,000 from other donors. By the fiscal year-end of June 30, 2020, the local government had raised only $5,000 from other donors. What entry would be made for the initial pledge by the local government during the year ended June 30, 2020?