ACCT 567 Week 6 Quiz

ACCT 567 Governmental and Nonprofit Accounting - DeVry 

1.      Question: (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?

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

3.      Question: (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)

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

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

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

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

8.    Question: (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: