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On the basis of the following data for the LWB Corporation for the current year and the preceding December 31, 2009 December 31, 2008 Cash $75,700 $64,200 Accounts Receivable (net) 70,500 79,350

Home / Blog / On the basis of the following data for the LWB Corporation for the current year and the preceding December 31, 2009 December 31, 2008 Cash $75,700 $64,200 Accounts Receivable (net) 70,500 79,350

On the basis of the following data for the LWB Corporation for the current year and the preceding December 31, 2009 December 31, 2008 Cash $75,700 $64,200 Accounts Receivable (net) 70,500 79,350

On the basis of the following data for the LWB Corporation for the current year and the preceding

December 31, 2009 December 31, 2008

Cash $75,700 $64,200

Accounts Receivable (net) 70,500 79,350

With regards to governmental accounting, write a paper that answers the following:

  • What is a fund and how is it used?
  • How does the balance of a fund represent the available spendable resources of the entity?
  • Why are there specialized funds in the different governmental units (e.g., debt service funds, special revenue funds, capital project funds)?
    • Describe 3 of these funds in detail, and give examples of how the funds are used.

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