The Material in Chapter 2 Is Best Suited for Two

question 56

Essay

The material in Chapter 2 is best suited for two types of problems:
1. Matching funds to fund types or fund definitions; and
2. Transaction analysis.
Since transactions are an essential part of Chapters 3 through 12 and 16 through 18, we recommend using the transaction analysis with journal entries in those chapters. To that end, transaction analysis will be demonstrated in those chapters.
Indicate how the following funds types would be classified as to category: G governmental, P proprietary, or as F fiduciary.
1. Internal Service
2. Agency
3. General
4. Special Revenue
5. Investment Trust
6. Capital Projects
7. Debt Service
8. Pension Trust
9. Permanent
10. Enterprise
11. Private-Purpose Trust
Since transactions are an essential part of Chapters 3 through 12 and 16 through 18, we recommend using the transaction analysis with journal entries in those chapters. To that end, transaction analysis will be demonstrated in those chapters.
Indicate how the following funds types would be classified as to category: G governmental, P proprietary, or as F fiduciary.
1. Internal Service
2. Agency
3. General
4. Special Revenue
5. Investment Trust
6. Capital Projects
7. Debt Service
8. Pension Trust
9. Permanent
10. Enterprise
11. Private-Purpose Trust

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Definitions:

Love and Acceptance

Deep feelings of affection towards someone combined with the recognition and approval of their qualities or faults.

Observable Behavior

Actions or responses of an individual that can be seen and measured directly by others.

Inner Thoughts

The internal, often unspoken, dialogue and contemplations of an individual.

Edward Titchener

A psychologist known for developing the theory of structuralism and promoting the use of introspection in psychological research.