Net resources of a governmental fund represented by prepaid insurance is an example of this type of fund balance.
What is nonspendable
100
To record the revenue budget this account would be debited
What is the estimated revenues control account
100
Most interfund transfers are _____ in the government wide statements
What is eliminated
100
Failure to properly report interfund transactions will result in this
What is two funds being misstated
100
The name of the processed meat product that is manufactured in Austin MN
What is Spam
200
An ______ transaction is one where each party is given and receives essentially equal value.
What is an exchange
200
When the budget for the general fund is recorded, if estimated revenues exceed appropriations, budgetary fund balance would be ____
What is credited
200
Accounting for (noncapital) intergovernmental grants when federal or state governments provide resources to local government is a common use of this fund.
What is a special revenue fund
200
When recording a write off of uncollectible property taxes receivable, the credit would be to this account
What is taxes receivable
200
This Minnesota product used the commercial jingle - From the Land of Sky Blue Waters
What is Hamms Beer
300
Property tax revenue is considered available if it is received no more than _____ days after the fiscal year end
What is 60
300
Receiving goods previously ordered would resulting in recording this
What is an expenditure
300
After closing entries, fund balance represents this
What is the net amount of resources available for future appropriation
300
This is a short term note that is secured by a government's power to tax
What is a tax anticipation note payable
300
This is the stage name of the famous musician Robert Zimmerman
Who is Bob Dylan
400
Transfers from other funds are considered this type of financing source
What is other
400
3 commonly used major revenue sources
What taxes, intergovernmental revenues and fines/forfeits
400
The fund balance represents the excess of fund assets over this
What is fund liabilities
400
The general fund balance is ______ when capital assets are purchased during a year from general fund revenues
What is decreased
400
These cartoon characters lived in Frostbite Falls, MN
Who are Rocky and Bullwinkle
500
This is recorded when an order takes place.
What is an encumberance
500
Regular salaries would result in recording an encumbrance? Yes- I realize this one is backwards but couldn't come up with a different way of phrasing it.....
No
500
This is the only fund that may have a positive unassigned fund balance
What is the general fund
500
When recording property taxes, the estimated uncollectible amount of property taxes is recognized in this manner
What is a reduction in revenue
500
Name the Minnesotan who made the first nonstop solo flight across the Atlantic Ocean