Fixed assets tad - Study guides, Class notes & Summaries

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CMFO Exam - Current Fund- with Complete Solutions

CMFO Exam - Current Fund- with Complete Solutions
Exam (elaborations) • 18 pages • 2023

Name the two types of local units of government in NJ - ANSWER-1. Municipalities 2. Counties A municipality & county are essentially: - ANSWER-- corporations created by the State's Constitution and statutes A municipal corporation is designed to: - ANSWER-- aid the municipality in carrying out specific activities A municipal corporation has the following powers: (5) - ANSWER-1. to sue & be sued, to defend & be defended in all courts of law 2. to adopt a common seal 3. to acquire pro...