Examlex
Resources appropriately reported within proprietary or fiduciary funds are excluded from special revenue funds.
Guaranteed Residual Value
The pre-determined value at which a leased asset is guaranteed to be worth at the end of the lease term, important for lease agreements.
Contingent Rentals
Lease payments that are not fixed but are instead based on the occurrence of a certain event or situation.
Sales-type Lease
A leasing arrangement in which the lessor recognizes immediate profit on the leased asset, often used in scenarios where the lessor is also the manufacturer or dealer of the equipment.
Q16: General fixed assets of the government are
Q21: The Budgetary Comparison Schedule requires a column
Q53: Long-term debt of a governmental unit would
Q55: Fund accounting exists primarily to provide assurance
Q65: Which of the following is not correct
Q81: Unlike internal service funds,it is frequently desirable
Q90: A December 2014 year-end government should record
Q103: Net resources of a governmental fund represented
Q110: Unless use of an agency fund is
Q145: If a trust is to be used