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There are no capital assets in governmental-type funds because those funds account only for inflows and outflows of financial resources. Governmental-type funds can be used and indeed are used to acquire capital assets. When that happens, however, the accounting within the funds is such that there is an expenditure of financial resources, rather than an exchange of a financial resource for a capital asset. Capital assets are reported in government-wide financial statements, but not in fund financial statements.
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Why are there no capital assets in governmental type funds?
There are no capital assets in governmental-type funds because those funds account only for inflows and outflows of financial resources. Governmental-type funds can be used and indeed are used to acquire capital assets. When that happens, however, the accounting within the funds is such that there is an expenditure of financial resources, rather than an exchange of a financial resource for a capital asset. Capital assets are reported in government-wide financial statements, but not in fund financial statements.
Are ETF's the most popular investment?
No, Mutual Funds are by far the most popular type of investment. ETF assets are increasing at a rapid pace but still fall far short of assets invested in Mutual Funds.
Which type of government bonds are available to investors?
only command and assets are available to investors, unless the government changes its assets, whick its commonly rear
Where does capital expenditures fit in balance sheet?
Capital expenditure are those type of expenditure the benefits of which are taken in more then one years by the business entity. So according to this all fixed assets are capital expenditures and fixed assets are shown at asset side of balance sheet.
What is a floating charge?
A floating chargeis a kind of security to which all of the assets (or perhaps a particular type of assets) from the business, apart from individuals that are susceptible to a mortgage or fixed charge, are utilized as to safeguard the borrowed funds.
Which two fund types would you typically find in operating environments?
In operating environments, you would typically find working capital funds and reserve funds. Working capital funds are used for day-to-day operations and expenses, while reserve funds are set aside for unexpected or future expenses to ensure financial stability.
What percentage of your assets that the government will tke if you do not have a will or trust?
This depends on various factors, such as the size of the estate, what state law applies, what type of assets were in the estate, etc.
Define capital expenditure?
Funds used by a company to acquire or upgrade physical assets such as property, industrial buildings or equipment. This type of outlay is made by companies to maintain or increase the scope of their operations. These expenditures can include everything from repairing a roof to building a brand new factory.
What is a system in which the rulers run the government from a capital city is called?
Every type of government is run by a ruler from a capital city. You will need to be more specific for the type of government you are referring to? A republic? A democracy? A democratic rebublic? A dictatorship? etc...----------------------The answer is Centralized Government
What type of assets are capital assets and how do they differ from current assets?
Capital assets, also referred to as capital goodsand plant, property and equipment, are a kind of non-current asset. The main purpose of these assets is generating revenue for an entity by being used for one or more purposes. An example of a capital asset is a delivery truck used by a delivery firm; the truck helps to generate revenue for the firm as they use it to provide delivery services. A firm does not sell capital goods to generate revenue (as they would sales stock), and they may keep them many years.Current assets are assets that are expected to be used or turned into cash by the end of the reporting period. This includes sales stock (which is expected to be sold, at least in part, by the end of the reporting period), and bank (which the entity is likely to spend cash from within the reporting period). Capital assets are not current assets, as they are not expected to be turned into cash or used up within the reporting period.
What is Romes type of government?
Rome is the capital of Italy and Italy is a democracy.
What type of account is a drawing account?
A Drawing account is a contra capital account and is used by a proprietor type business. It is for recording the owner's withdrawals of the company's assets.
