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Which of the following governments Jackson County

would be considered a general purpose
goverment?
The concept of interperiod equity relates current period revenues are sufficient to
to whether? pay for current period services.
Which of the following reflects the permanently restricted, temporarily

appropriate classification for the net restricted, unrestricted
assets for NFP organizations?
Financial reporting for internal service internal service fund financial info is
funds differs from that for enterprise generally reported in the governmental
funds in which of the following ways? activities column of the government-
wide financial statements.
Which of the following describes the program expenses minus program

recommended format for the revenues equals net (expense) revenue;
government-wide statement of net (expense) revenue plus general
activities? revenues, transfers, and net special and
extraordinary items equals change in net
position
Depreciation expense on general capital a direct expense of a function or
assets may be reported on the program OR an indirect expense that
government-wide statement of activites can either be allocated to functions or
as: programs on some appropriate basis,
such as square footage of building use or
be reported on a separate line on the
statement of activities
which of the following identified by the accountability

FASB as the foundation for federal
financial reporting?
Which of the following is NOT an to assist users in assessing the adequacy

objective of financial reporting by state of systems and controls
and local governments?
on what should the government-wide net position and results of financial

financial statements report? operations of the government as a while
recognizing revenues when measurable modified accrual

and available and paying current
obligations and expenditures when
incurred describes which basis of
accounting?
Which of the following standard-setting GASB and FASAB

bodies requires MD&A as part of the
financial report?
The GASB is assigned responsibility for state and local government entities and
setting accounting and financial governmentally-related units and
reporting standards for agencies, such as utilities, authorities,
hospitals and colleges.
which of the following funds are general fund, special revenue funds,
governmental funds? capital projects fund, debt service funds,
and permanent funds
which of the following funds would be enterprise

most appropriate for accounting for an
activity that provides goods or services
to the public for a fee that is intended to
make the activity self-supporting?
in accounting for state and local governmental funds only
governments, the modified accrual basis
is required for?
reporting fund financial information in is required by GAAP for state and local
separate columns for each major fund goverments
and aggregate information for non-
major funds:
which of the following must be reported the general fund and a fund having total
as a major fund? assets, liabilities, revenues, or
expenditures/expenses equaling at least
10% of the total governmental or
enterprise fund amount for the same
element and at least 5% of the combined
governmental and enterprise fund total
amount for the same element.
the account "interfund transfers in" other financing source

would be classified in a general fund
statement of revenues, expenditures,
and changes in fund balance as an:
which of the following would be fuel taxes earmarked for maintenance of

classified as a general revenue? roads and bridges
extraordinary items and special items as separate items BELOW general

are reported: revenues in the statement of activities
the county commission of Dudsville a credit to appropriations of $850,000

adopted its general fund budget for the
year ending june 30, comprising
estimated revenues of 1.5 mil and
appropriations of 850,000. dudsville
utilizes the budgetary accounting
required by GASB standards. the journal
entry to record budgeted appropriations
will include:
governmental fund balances may be uncommitted

classified as all of the following except:
the town of bedrock levied property credit to revenues for $792,000
taxes in the amount of $800,000. the
town estimates that one percent will be
uncollectible. the j/e to record the tax
levy will include:
if state law requires that local be included with the actual figures
governments prepare general fund and presented on the budget basis and then
special revenue fund budgets on a basis reconciled to the GAAP basis
that differs from the basis of accounting
required by GAAP then the budgetary
comparison schedule or statement
should:
an interfund transfer in should be other financing source

reported in a governmental fund
operating statement as an
which of the following best describes the report revenues net of uncollectible
proper treatment for uncollectible amounts
amounts of revenue?
which of the following should not be equipment

reported on the balance sheet of the
general fund?
which of the following is a correct information about governmental

statement about how financial activities should be reported in both the
information for the activities of government-wide and governmental
governments should be reported? fund financial statements using the same
basis of accounting for both
under the modified accrual basis of revenues are recognized when current
accounting: financial resources become measurable
and available to pay current-period
obligations
according to GASB standards, fund, function or program, organization

expenditures are classified by: unit, activity, character, and object
under the GASB requirements for required and supplementary

external financial reporting, one would information
find the budgetary comparison schedule
in the:
when equipment was purchased with expenditures
general fund resources, which of the
following accounts would have been
debited in the general fund?
which of the following items would be sales taxes earmarked for maintenance
reported as general revenue on the of roads and bridges
government-wide statement of
activities?
a properly prepared schedule of actual revenue and expenditure amounts

revenues, expenditures, and changes in on the budget basis
fund balances - budget and actual will
include which of the following columns?
a city received a 1 mil cash contribution special revenue fund

under a trust agreement in which both
the principal of the trust and any
earnings theron can be used to acquire
works of art for public buildings. this
contribution should be recorded in a

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unit 1 35 terms by sheroquai_perry

Which of the following governments Jackson County

Which of the following reflects the permanently restricted, temporarily

Which of the following describes the program expenses minus program

which of the following identified by the accountability

Which of the following is NOT an to assist users in assessing the adequacy

on what should the government-wide net position and results of financial

recognizing revenues when measurable modified accrual

Which of the following standard-setting GASB and FASAB

which of the following funds would be enterprise

the account "interfund transfers in" other financing source

which of the following would be fuel taxes earmarked for maintenance of

extraordinary items and special items as separate items BELOW general

the county commission of Dudsville a credit to appropriations of $850,000

governmental fund balances may be uncommitted

an interfund transfer in should be other financing source

which of the following should not be equipment

which of the following is a correct information about governmental

according to GASB standards, fund, function or program, organization

under the GASB requirements for required and supplementary

a properly prepared schedule of actual revenue and expenditure amounts

a city received a 1 mil cash contribution special revenue fund

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