Which of the Following Accounts Is a Budgetary Account of a Governmental

question 67

Multiple Choice

Which of the following accounts is a budgetary account of a governmental fund?

• A)Reserve for Encumbrances.
• B)Estimated Other Financing Uses.
• C)Expenditures.
• D)Other Financing Sources.

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Definitions:

Noncontrolling Interest

An ownership interest in a corporation where the stake does not offer majority voting rights, and the interest lies in the shares of subsidiaries not wholly owned by the parent.

Intra-entity Asset Transfers

Transactions involving the transfer of assets between divisions or units within the same entity.

Consolidated Sales

The total sales generated by a parent company and its subsidiaries, reported as one aggregated figure.

Intra-entity Transfers

Transactions involving assets, services, or funds between divisions, departments, or affiliates within the same entity.