Which of the Following Liabilities Would NOT Be Found in the Fund

question 26

Multiple Choice

Which of the following liabilities would NOT be found in the fund balance sheet of the General Fund of the City of Marmaduke?

• A)Accounts payable.
• B)Due to Special Revenue Fund.
• C)Deferred revenue.
• D)Bonds payable, due in 5 years.

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Definitions:

Gang Members

Individuals who are part of an organized group or gang that often engages in criminal activities and operates based on a shared identity or territory.

Townshend Duties

A series of British acts of Parliament passed during 1767 and 1768 imposing duties on colonial imports as a means of raising revenue.

Patriots

Individuals who fervently support their country and are prepared to defend it against enemies or detractors.

American Liberties

Refers to the rights and freedoms guaranteed to individuals in the United States by the Constitution and other laws, such as freedom of speech, religion, and the press.