Which of the Following Items Would Not Be Reported on the Financial

question 62

Multiple Choice

Which of the following items would not be reported on the financial statements of a special revenue fund?

• A)Long-term productive assets.
• B)Expenditures and revenues.
• C)Vouchers payable and unreserved fund balance.
• D)Fund balance reserved for encumbrances and expenditures.

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Definitions:

Risk-Free Rate

The theoretical rate of return of an investment with zero risk, often represented by government bonds.

Compensating Balances

Minimum balance requirements imposed by financial institutions on certain accounts, which borrowers must maintain to compensate for the lower interest rate or fees on loans.

Speculative Opportunities

Investment options that carry a high risk of loss but also offer the potential for high rewards.

Accounts Receivable

The outstanding invoices a company has or the money the customers owe to the company for goods or services delivered.