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For each of the following events or transactions,identify the type of fund(s)that will be affected.
1.A central purchasing department was established to handle all the purchasing needs of a county government.
2.A county government levies sales taxes restricted as to use for job creation.
3.A county government receives a large contribution specifying that income from the contribution be distributed each year to the county zoo.The principal is to remain intact indefinitely.
4.A city government paid construction costs of $12,000 on city hall building.
5.A city government paid general operating costs.
General Supply
Refers to the overall provision or stock of resources, goods, or equipment that is available for use.
Managed by Shareholders
An organizational structure in which the owners (shareholders) of a firm take an active role in the management decisions.
Legal Entity
An organization or business that has legal rights and obligations, including the ability to enter into contracts and sue or be sued.
Sued and to Sue
Refers to the legal capacity of an individual or entity to bring a lawsuit or to be subject to a lawsuit in a court of law.
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