For This and Any Other Courses,Assignments,
Disscussions,Quizes,FinalExams,Test Banks And Solution Manauals
1.
The City created a legally separate entity to operate a County
Hospital. The City Council appoints a voting majority of the board of the
Hospital. The City cannot impose its will on the Hospital and there is no
potential for a financial benefit or financial burden to the City. The
County Hospital would be a
2.
The Marsh River School District, a legally separate school
district that has a separately elected governing body, cannot enter into any
debt agreements without the approval of the County Commission.
Marsh River School District would be considered a:
3.
The State has a legally separate State Building Authority which
has a board appointed by the Governor. The Authority issues debt in its
own name, holds title to buildings in its own name, and leases its building
exclusively to the State. In what manner would the Authority be included
in the State’s Basic Financial Statements?
4.
The City created a legally separate Housing Authority to provide
low-income housing to residents of the City. The City issues debt for the
Housing Authority in the name of the City, but the Housing Authority is
responsible for repayment of the debt. The Housing Authority is governed
by a board composed of all 5 members of the City Council. Actions can be
taken by the Authority upon receiving an affirmative vote by a simple majority
of the board. The Housing Authority would be considered a:
5.
Government-wide financial statements include which of the
following?
6.
Voluntary health and welfare organizations must also
report expenses by
7.
In a prior year, United Charities received a $100,000 gift to be
used to acquire vans to provide transportation for physically challenged
adults. During the current year, United acquired two vans at a cost of
$60,000 each. The appropriate entry(ies) to record the acquisition should
be
8.
The basis of accounting used by not-for-profit organizations in
their external financial reports is
9.
United Charities’ annual fund raising drive in 2001 raised
pledges of $600,000 of which $400,000 were collected in 2001 and $100,000 were
collected in 2002. United Charities estimates $75,000 of the remaining
pledges will never be collected. In 2002, the change in unrestricted net assets
is
10.
A not-for-profit Art Museum that has elected not to capitalize
its art collection receives a donation of a rare piece of Tlinket Indian
art. The donor paid $8,000 for the piece several years ago. Today
the piece has an estimated fair value of $50,000. What entry should the
Art Museum make upon receipt of this donation?
11.
A private not-for-profit college would include which of the
following financial statements in is Basic Financial Statements?
12.
Which of the following entities should recognize depreciation
expense on its operating statement?
13.
For financial reporting purposes, private not-for-profit
colleges and universities are within the jurisdiction of the
14.
A hospital estimates, based on past experience, that it will
incur $5 million in malpractice claims as a result of services rendered in the
current period. The hospital carries a malpractice insurance policy with
a yearly $2 million deductible clause. The amount that should appear on
its year-end financial statement as Claims Expense (Loss) should be
15.
In prior years, a not-for-profit hospital received funds from a
donor who restricted the use of those funds to providing nursing
scholarships. During the current year $8,000 of scholarships were
awarded. These scholarships should be reported
16.
Which of the following is not reported upon in the Schedule of
Findings and Questioned Costs?
17.
The process of specifically directing federal funds to a
particular program is called:
18.
‘‘Generally accepted government auditing standards’’ (GAGAS)
refers to standards incorporated in
19.
In discerning the objectives of a program to be audited, the
auditors should give the least credibility to
20.
This law requires that the wages of laborers and mechanics
employed by the contractors of federally funded projects be paid at prevailing
local wage rates.
21.
Which of the following groups is least likely to be involved in
evaluating the efficiency and effectiveness of government programs?
22.
Which of the following is an example of an efficiency measure?
23.
The city council of the City of Highland Hills has adopted a
policy of aggressively pursuing grants and other resource inflows from other
levels of government. Over the past several years, the proportion of
total City revenues that comes from other levels of government has been
steadily increasing. As a consequent of these increased revenues, the
City has begun offering a number of new services to the citizens of the
City. In assessing the financial condition of the City of Highland Hills,
an analyst would conclude which of the following?
24.
Which of the following events would be evidence that the
audience criterion of a not-for-profit joint program and fund-raising activity
has NOT been met? Each activity included both a program activity and a
fund-raising solicitation.
25.
Which of the following statements is true regarding the ratio
analysis of Intergovernmental Revenues to Total Revenues?
For The Students Who Need Grade ‘A’ In Their Studies
Hi, hope you are having a great day…
We are a group of 24 writers having
profound expertise in Business and Computer Science subjects. We can help you
score A grade in your Accounting, Marketing, Finance, Economics, Management,
Mathematics, Statistics, Information System, System Modeling, C++, Java
Programming, Network Administration, Enterprise Administration, Database, Web
Design, Networking, Internetworking, Data warehouse etc…
We can also provide help with Psychology,
Nursing, Health, History, English Literature, Political Science, Ethics,
Humanity etc classes.
We can help with essays, term papers,
research papers, dissertation, Ilabs, mymatlab, Wileplus, quizzes, exams,
discussion questions etc.
You can expect:
We understand each student has different
requirement and we tend to treat each student according to his/her
satisfaction.
We will provide original assignments,
plagiarism free and to custom requirement.
We will always meet deadlines.
Our support will be 24/27, even in
holidays.
Our pricing will be fair.
We will do free revisions if you want to
make changes in provided work.
Email us for more information, query and
quote.
No comments:
Post a Comment