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 Education> EXAM > CGFM EXAM 2 Study Questions with correct Answers (All)

CGFM EXAM 2 Study Questions with correct Answers

Non-Spendable Fund Balance - ANSWER-Assets not in spendable form-Inventories and prepaid items, principal of a permanent fund which may not be spent, and assets held for sale and long-term receivables...

By Nancylect

EXAM

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 Education> EXAM > CGFM Part 2 - Comprehensive Review 2023 (All)

CGFM Part 2 - Comprehensive Review 2023

GASB | Financial Statement Components - ANSWER-1. Auditor's Report 2. MD&A 3. Basic Financial Statements - Government-Wide Financials (Icing) - Fund Financials (Layers) - Notes (Filling that h...

By Nancylect

EXAM

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 Education> EXAM > CGFM Test 1 Questions and Answers 2023 (All)

CGFM Test 1 Questions and Answers 2023

Accountability - ANSWER-Principle that, in a democracy, government operates by the consent of the people. Therefore, it is responsible to, and must answer to, the people for its actions and results, i...

By Nancylect

EXAM

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 Education> EXAM > CGFM Exam 1 Questions and Answers 2023 (All)

CGFM Exam 1 Questions and Answers 2023

I1. A significant difference between special-purpose and general-purpose governments is that general-purpose governments - ANSWER-Correct Answer: perform multiple functions, while special-purpose gove...

By Nancylect

EXAM

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 Education> EXAM > CGFM Exam 1 with complete solutions (All)

CGFM Exam 1 with complete solutions

Federalism - ANSWER-Power is distributed among different levels of government, no one level has complete authority Sovereignty - ANSWER-National government cant be sued by states or citizens withou...

By Nancylect

EXAM

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