ACCT 567 Quiz Week 6

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ACCT 567 Quiz Week 6 
(TCO F) Any activities that produce goods or services to be provided to other departments…

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ACCT 567 Quiz Week 6

ACCT 567 Quiz Week 6

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(TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund? (Points : 5)

(TCO F) Proprietary funds (Points : 5)

(TCO F) Which of the following is false regarding proprietary fund accounting? (Points : 5)

(TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis? (Points : 5)

(TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n) (Points : 5)

(TCO H) Which of the following would be considered a performance audit under the Governmental Auditing Standards? (Points : 5)

(TCO J) Government-wide financial statements present the government’s financial position using which of the following? (Points : 5)

(TCO J) Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?(Points : 5)

(TCO H) Which of the following would be considered “contribution revenue or support” of a not-for-profit organization? (Points : 5)

(TCO H) Describe the different types of governmental audits and attestation engagements. (Points : 20)

(TCO F) Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information:

(TCO F) Which of the following is a true statement regarding the cash flow statements of a proprietary fund?

(TCO H) Public sector audits differ from those of commercial businesses in which of the following instances?

(TCO J) Under GASB Standards, if a government only has six government funds and two enterprise funds, what is the required number of basic financial statements that it would need to prepare?