the commissioners court, the county tax collector, the county clerk, the district attorney, and the county sheriff. Which county official above is the most significant and why?
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the commissioners court, the county tax collector, the county clerk, the district attorney, and the county sheriff.
Which county official above is the most significant and why?
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- what is the most important duty of the executive county business officialAre the officers of the Local Government Unit internal or external users?why? Differentiate internal users from external users of accounting information?The primary revenue for local government is..... a. Income taxation b. Sales taxation c. Estate taxation d. Property taxation
- What are the main sources of revenues for the City of Phoenix, including both governmental and business-type activities?Which of the following is necessary for a special purpose local government to be viewed as a primary government for reporting purposes? It must have a separately elected governing body. It must have specifically defined geographic boundaries. It must be fiscally independent. It must have corporate powers to prove that it is legally independent.Which of the following entities is least likely to be included as a blended component unit in a county government’s financial statements? a. County library, funded by general obligation bonds b. Tobacco settlement financing authority, whose board members are appointed by the county c. County water authority, funded by debt secured by water revenues d. County building authority, whose board members are appointed by the county
- Taxes collected and held by Dunne County for a school district would be accounted for in which of the following funds? a. Trust b. Agency c. Special revenue d. Internal serviceWhy have accountability and control been so important in the traditional accounting for state and local government units?Which of the following is a special purpose government? Select one: a. All the other points b. Government Universities c. Government hospitals d. Public colleges
- Which of the following is not necessary for a special purpose local government to be viewed as a primary government for reporting purposes? Choose the correct.a. It must have a separately elected governing body.b. It must have specifically defined geographic boundaries.c. It must be fiscally independent.d. It must have corporate powers to prove that it is legally independent.The body currently responsible for developing local governmental accounting standards is the a. Financial Accounting Standards Board (FASB) b. Governmental Accounting Standards Board (GASB) c. National Council on Governmental Accounting (NCGA) d. Municipal Finance Officers Association (MFOA)Professional tax collected by Treasurers of local government units is an example of: A Income tax B Specific tax C Privilege tax D Direct tax