Chap013
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Chap013

Course Number: ACC 439, Fall 2011

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Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance True/False Questions 1. Net Asset classification for a tax-exempt organization are consistent with GASB standards Answer: False 2. The Taxpayer Bill of Rights requires tax-exempt organizations to provide copies, upon request, of the five most recent annual form 990s. Answer: False 3. Tax-exempt organizations are required to disclose the...

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13 Chapter Auditing, Tax Exempt Organizations, and Evaluating Performance True/False Questions 1. Net Asset classification for a tax-exempt organization are consistent with GASB standards Register to View Answer 2. The Taxpayer Bill of Rights requires tax-exempt organizations to provide copies, upon request, of the five most recent annual form 990s. Register to View Answer3. Tax-exempt organizations are required to disclose the compensation of its officers, directors, trustees and highest paid employees and independent contractors. Register to View Answer4. Tax exempt organizations are required to pay tax at the corporate or trust rate on the income generated from any trade or business activities unrelated to the entitys tax-exempt purposes. Register to View Answer5. Tax exempt organizations are required to pay tax at the corporate or trust rate on the income generated from any trade or business activities unless the money is used to carry out the entitys tax-exempt purposes. Register to View Answer6. The IRS announced that it considers tax-exempt organizations to be one of its four highest enforcement priorities. Register to View Answer7. Attestation engagements must comply with the Government Auditing Standards but are exempt from compliance with the AICPAs attestation standards. Register to View Answer8. The Government Accountability Office has authority for issuing Governmental Auditing Standards. Register to View Answer 1 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 9. Governments and other nonprofits receiving federal funds follow Governmental Auditing Standards and do not have to comply with AICPA Statements of Auditing Standards. Register to View Answer10. If a government failed to report infrastructure assets, the auditor could still express an unqualified opinion on the fund level financial statements. Register to View Answer11. While the principal users of corporate audit reports are investors and creditors, the main user of Single Audit reports is the federal government. Register to View Answer12. The purpose of audits conducted under the Single Audit Act is to provide assurance that federal and state funds are expended in accordance with grant agreements, and with financial management and other standards promulgated by the federal government. Register to View Answer13. The single audit requirements apply only to state and local governments. Private not-forprofits do not have to comply with these requirements, even if they receive federal grants. Register to View Answer14. While the Sarbanes-Oxley Act applies only to corporations filing with the Securities and Exchange Commission, several provisions of the Act already existed in governmental auditing standards, and others are being voluntarily adopted by not-for-profit organizations. Register to View Answer15. Entities that are tax exempt under Section 501(c)3 of the Internal Revenue Code do not have to pay income taxes, even if some of their activities compete with commercial enterprises. Register to View Answer16. The purpose of the Unrelated Business Income Tax is to eliminate advantages that taxexempt organizations have over commercial enterprises providing goods or services for sale. 2 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Register to View Answer17. Unrelated Business Income Tax is an excise tax, applied to the gross receipts of a business activity. Therefore allocations of expenses incurred in generating the income are irrelevant. Register to View Answer18. If a tax-exempt organization is found by the IRS to have paid excessive benefits, the organization must pay a tax penalty of 25% of the excess benefit and the employee must pay a 10% penalty, but the employee is entitled to keep the benefits. Register to View Answer19. The program expense ratio for a not-for-profit organization will improve if the organization shifts costs from fund raising to program expenses. Register to View Answer20. Entities that are tax exempt under IRS Section 501(c)3 are prohibited from having surpluses (revenues exceed expenses). Register to View Answer21. Entities that are tax exempt under IRS Section 501(c)3 are prohibited from endorsing political candidates or attempting to influence legislation. Register to View Answer22. Entities that are tax exempt under IRS Section 501(c)3 are required to provide copies, upon request, of the three most recent Form 990 returns. Register to View Answer23. The three major user groups identified by the GASB are (1) citizen groups, (2) legislative and oversight officials, and (3) investors and creditors. Register to View Answer24. Bonds which carry the full faith and credit of a government are called general obligation bonds. 3 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Register to View Answer25. If one wished to compute the net debt of a government, this could be found in the governmental fund financial statements. Register to View Answer26. The GASB has issued standards for Service Efforts and Accomplishments Reporting. Register to View Answer27. When computing Unrelated Business Income Tax, charities are permitted to deduct ordinary and necessary business related expenses and the first $1,000 of income is not taxed. Register to View Answer28. Section 501(c)(3), exempt organizations are prohibited from supporting political candidates or campaigning to influence legislation. Register to View Answer29. The single audit act is intended to provide assurance to the federal government that federal funds have been expended in accordance with laws and regulations. Register to View Answer30. The single audit act provides assurance to the federal government that federal funds are protected through a system of internal controls and sound financial management practices. Register to View Answer31. Governmental Auditing Standards identifies four categories of professional engagements: financial audits, performance audits, attestation engagements, and non-audit services. Register to View Answer32. The use of opinion units allows an auditor to issue different opinions on different statements, instead of issuing one opinion. Register to View Answer 4 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 33. To apply for tax-exempt status, an organization must complete an IRS Form 1023. Register to View Answer34. Service Efforts and Accomplishments Reporting is best completed by using a variety of measures, which are reported consistently. Register to View Answer35. Tax exempt entities are not allowed to make contributions to political campaigns or they may loose their tax exempt status. Register to View Answer36. In a governmental audit the auditor is required to report directly to appropriate officials in addition to the board or audit committee. Register to View Answer37. In a governmental audit the auditor is only required to report to the board or audit committee. Register to View Answer38. Fundraising efficiency is a measure of performance that expresses how much an organization spends in raising a dollar of donations. Register to View Answer39. The program expense ratio is calculated as Program service expenses / Total expenses. Register to View Answer40. The program expense ratio is calculated as (Program service expenses + supporting service expenses) / Total expenses. Register to View Answer41. The program expense ratio is calculated as follows: Total expenses / Program service. Expenses. Register to View Answer 5 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 42. The program expense ratio is calculated as follows: Total expenses / (Program service expenses + supporting service expenses). Register to View Answer43. Entities receiving $ 500,000 or more of federal funds are generally required to have a single audit. Register to View Answer44. Government financial audits are subject to both GAAS and GAGAS. Register to View Answer45. Supporting expenses are not included in the numerator of the program expense ratio. Register to View Answer46. Supporting expenses are included in the denominator of the program expense ratio. Register to View Answer47. Service Efforts and Accomplishments Reporting is voluntary for not-for-profit organizations. Register to View Answer48. Service Efforts and Accomplishments Reporting is mandatory for not-for-profit organizations. Register to View Answer49. Governmental Audit Reports are due nine months after the end of the fiscal year. Register to View Answer50. Tax exempt entities do not have retained earnings in the equity section of their financial statements. Register to View Answer51. A disclaimer of opinion is the appropriate audit opinion when the auditor is not independent. 6 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Register to View Answer52. In a disclaimer of opinion, the auditor states that no opinion is being expressed. Register to View Answer53. Tax-exempt organizations are required to file Form 990 by the 15th day of the 5th month following the organizations taxable year. Register to View Answer54. A tax-exempt organization must pay income taxes on income generated from trade or business activities unrelated to the entitys tax-exempt purposes. Register to View Answer55. Assuming an auditee is not considered low-risk, the auditor is required to express an opinion on compliance on major programs, which must add up to 50 percent of federal funds expended by the auditee. Register to View Answer 7 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Multiple Choice Questions 56. Which of the following is not correct regarding executive compensation at tax-exempt organizations? A) If the IRs deems wages and benefits to be in excess of reasonable amounts, the IRs may impose sanctions on the individual receiving the benefits B) If the IRs deems wages and benefits to be in excess of reasonable amounts, the IRs may impose sanctions on the managers who approved the wages and benefits C) If the compensation is found to be unreasonable, the executive is required to pay back the amount of compensation deemed excessive plus a 10% penalty D) Benefits include salaries, deferred compensation, insurance, loans and medical benefits. Register to View Answer57. Form 990, Return of Organization Exempt From Income Tax, requires all of the following except: A) Statement of Program Accomplishments B) Governance, Management and Disclosures C) Compensation Schedules D) Statement of Cash Flows Register to View Answer58. The statements required to be filed on Form 990 include which of the following? A) Statement of Revenues, Statement of Functional Expenses and Balance Sheet B) Income Statement, Balance Sheet and Statement of Cash Flows C) Statement of Revenues, Statement of Operational Expenses and Balance Sheet D) Statement of Revenues, Expenses and Fund Balance and Statement of Net Assets Register to View Answer59. Government Auditing Standards, published in a document called the Yellow Book incorporate the AICPA standards and provide extensions that are necessary due to the unique nature of public entities. Which of the following is not one of the extensions? A) Requirement that auditors have knowledge of government accounting and auditing B) Higher materiality thresholds than in the private sector C) Public availability of audit reports D) Written evaluation of internal controls Register to View Answer 8 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 60. Performance audits of a tax-exempt organization are undertaken to assess which of the following? A) Internal controls as they relate to program management and reporting B) Compliance with legal requirements and other program matters. C) Economy and efficiency D) All of the above Register to View Answer61. Which organization promulgates the Government Auditing Standards? A) The American Institute of Certified Public Accountants. B) The U.S. Office of Management and Budget. C) The Securities and Exchange Commission. D) The U.S. Government Accountability Office. Register to View Answer62. Which of the following would be a financial audit (or a part of a financial audit) under the Government Auditing Standards? A) An audit expressing an opinion on the basic financial statements of a state or local government audit. B) An examination to determine whether purchasing procedures are appropriately designed to assure program supplies meet standards. C) Both of the above. D) Neither of the above. Register to View Answer63. Which of the following would be considered a performance audit under the Government Auditing Standards? A) An investigation into whether a purchasing department of a government was operated efficiently. B) An investigation into whether a social service agency of a state government improved the lives of its clients. C) Both of the above. D) Neither of the above. Register to View Answer64. Which of the following is true regarding the Single Audit Act and its amendments? A) Governments and not-for-profit organizations that exceed $ 50 million in federal awards are normally assigned a cognizant agency to provide guidance; smaller governments are expected to use oversight agencies, the agencies providing more 9 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance funding than any other agency. B) A risk-based approach (risk to the auditor) is used to determine which programs are selected by the auditor to audit. C) Both of the above. D) Neither of the above. Register to View Answer65. Which of the following is true regarding the Single Audit Act and its amendments? A) An auditor is expected to express an opinion on major programs, which are chosen based on size. B) An auditor is required to select all Type A programs as major programs. C) Both of the above. D) Neither of the above. Register to View Answer66. Which of the following is true regarding the Single Audit Act and its amendments? A) Major programs selected for audit must equal 50 percent or more of federal expenditures, in all cases. B) Separate reports are filed with every federal agency from which the audited organization receives funds. C) Both of the above. D) Neither of the above. Register to View Answer67. Public sector audits differ from those of commercial businesses in which of the following ways? A) The auditor is not required to be independent. B) The auditor reports to outside agencies as well as management of the organization C) Auditor do not use sampling D) All of the above. Register to View Answer68. Which of the following is true regarding the Single Audit Act and its amendments? A) A risk-based approach is used. B) An opinion is required on compliance of all programs. C) Both of the above. D) Neither of the above. Register to View Answer 10 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 69. Which of the following is true regarding the Single Audit Act and its amendments? A) All governmental entities with expenditures of federal funds in excess of $500,000 must have a single audit, if more than one program exists. B) An audit must be designed to cover 50 percent of federal funds expended, in all cases. C) Both of the above. D) Neither of the above. Register to View Answer70. Which of the following would be an example of an attestation engagement? A) Report on cost under contract B) Report on prospective financial information C) Report on internal controls D) All of the above. Register to View Answer71. Under the terms of the Single Audit Act and its amendments, what percentage of federal awards expenditures must be selected for audit? A) High Risk Auditee: 100%; Low Risk Auditee: 50% B) High Risk Auditee: 100%; Low Risk Auditee: 25% C) High Risk Auditee: 50%; Low Risk Auditee: 25% D) High Risk Auditee: 50%; Low Risk Auditee: 0% Register to View Answer72. Which of the following is not part of a financial audit? A) Forming judgments about internal controls B) Testing compliance with laws and regulations C) Assessing the degree to which program objectives have been met. D) All of the above. Register to View Answer73. The term opinion unit refers to which of the following: A) A state or local government together with its component units B) A level of reporting of a government that requires a separate materiality level C) A division of a CPA firm D) One of the four statements required in the second paragraph of an unqualified audit opinion 11 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Register to View Answer74. Which of the following audit opinions is issued when a government fails to comply with generally accepted accounting principles? A) Qualified B) Adverse C) Either of the above, depending on the severity of the noncompliance D) Neither (a) or (b) above Register to View Answer75. Which of the following provisions of the Sarbanes-Oxley Act already existed in governmental auditing standards? A) Auditors are required to report deficiencies in the design or operation of internal controls. B) Not-for-profit organizations are required to establish audit committees composed of non-management board members. C) All nonaudit services performed by the auditors must be approved by the audit committee. D) All of the above. Register to View Answer76. Which of the following is not prohibited of organizations receiving tax exempt status under IRS Section 501(c)3? A) Earning a profit (increase in net assets). B) Endorsing political candidates or attempting to influence legislation. C) Distributing earnings to the benefit of members or officers. D) None of the above. All of these are prohibited of Tax Exempt organizations. Register to View Answer77. What is the principle advantage of obtaining section 501(c)3 status? A) The charitable organization is permitted to engage in a trade or business unrelated to its mission without having to pay income taxes B) Donors to the charitable organization are permitted to deduct contributions to the organization in computing their income taxes C) Both (a) and (b) above D) Neither (a) nor (b) above Register to View Answer 12 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 78. Which of the following tax-exempt organizations would be required to file a form 990 or 990-EZ? A) A charity with gross receipts of > $25,000. B) A church with gross receipts of > $25,000. C) Both (a) and (b). D) Neither (a) nor (b). Register to View Answer79. Which of the following is true regarding the Internal Revenue Services concern regarding tax-exempt organizations? A) Organizations are charging many of their program expenses to fundraising. B) Executives of tax-exempt organizations are receiving excessive salaries and benefits. C) Both (a) and (b). D) Neither ( a) nor (b). Register to View Answer80. Which of the following are not required disclosures in a Form 990? A) A Statement of Functional Expense. B) A discussion of program effectiveness. C) A Statement of Revenues, Expenses and Changes in Net Assets. D) None of the above. They are all required disclosures. Register to View Answer81. Which of the following activities may give rise to Unrelated Business Income Tax? A) Investment income arising from investment of unrestricted funds. B) Sale of donated merchandise. C) Advertising revenues from advertisements in a newsletter. D) None of the above would give rise to unrelated business income. Register to View Answer82. Which of the following may be deducted in computing income from unrelated business activities? A) Ordinary and necessary business expenses. B) $1,000 exemption. C) Charitable contributions. D) All of the above Register to View Answer 13 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 83. To compute the operating ratio-enterprise funds, one would need to look in the CAFR for the: A) Government-wide Statement of Net Assets. B) Proprietary funds Statement of Revenues, Expenses, and Changes in Fund Net Assets. C) Both of the above. D) Neither of the above. Register to View Answer84. To compute the unreserved fund balance/revenuesGeneral Fund, one would need to look in the CAFR for the: A) Governmental funds Balance Sheet. B) Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. C) Both of the above. D) Neither of the above. Register to View Answer85. Which of the following is not considered to be a major user group by the GASB? A) Citizen groups. B) Investors and creditors. C) Legislative and oversight officials. D) Government executive branch officials Register to View Answer86. The document often relied on for financial analysis by investors and creditors for bonds in the secondary market is: A) the official statement issued by the government issuing the bonds. B) the comprehensive annual financial report. C) an analysis prepared by the government's auditor. D) none of the above. Register to View Answer87. To compute the net debt per capita, a user of financial statements would need to look at (in the CAFR): A) the debt in the government-wide Statement of Net Assets, the amount available to pay that debt in the governmental funds Balance Sheet, and the population from 14 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance the statistical section. B) the debt and the amount available to pay that debt in the governmental funds Balance Sheet, and the population from the statistical section. C) the debt in the governmental funds Balance Sheet, the amount available in the government-wide Statement of Net Assets, and the population from the statistical section. D) all three items from the government-wide Statement of Net Assets. Register to View Answer88. In order to compute the operating ratio-enterprise funds, one would look in the CAFR in which of the following sections? A) In the government-wide Statement of Net Assets. B) In the proprietary funds Statement of Net Assets. C) In the proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets. D) In the proprietary funds Statement of Cash Flows. Register to View Answer89. The highest bond rating assigned by Moody's is: A) A+ B) A C) AAA D) AAA+ Register to View Answer90. Which of the following items, helpful for analysis, could be found in the statistical section of the CAFR? A) Assessed and actual (market) value of property. B) Population trends. C) Debt limit and margin. D) All of the above. Register to View Answer 15 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 91. In order to compute the ratio unreserved fund balance/revenues-General Fund, one would look in the CAFR at the: A) Governmental funds Balance Sheet and the Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances B) Government-wide Statement of Net Assets and government-wide Statement of Activities. C) Governmental funds Balance Sheet. D) Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balance. Register to View Answer92. In order to compute the interest coverage on revenue bonds, one would look in the CAFR at the: A) Government-wide Statement of Activities. B) Enterprise funds Statement of Revenues, Expenses, and Changes in Net Assets. C) Budgetary Comparison Schedule. D) Government-wide Statement of Activities. Register to View Answer93. Service Efforts and Accomplishments reporting may be important because: A) SEA reporting provides more complete information about a government entity's performance than can be provided by the operating statement, balance sheet, and budgetary comparison statement which provide only incomplete information about a government's performance. B) The GASB requires supplemental reporting of service efforts and accomplishments. C) Enterprise fund statements do not do a good job of measuring efficiency or effectiveness. D) All of the above. Register to View Answer94. A government publishes information about its fire department. What type of service efforts and accomplishments measure would Fire Loss per Capita represent? A) Input B) Output C) Outcome D) Efficiency Register to View Answer 16 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 95. All of the following are differences between private sector auditing and governmental auditing except: A) The public availability of audit reports. B) Testing of compliance with laws and regulations. C) Governmental audits require auditor knowledge of government accounting and auditing. D) All of the above are differences between private sector auditing and governmental auditing. Register to View Answer96. Which of the following is not a type of governmental audit? A) Attestation engagements. B) Financial Audits. C) Performance audits. D) All of the above are types of governmental audits. Register to View Answer97. The use of opinion units allows the auditor to A) Only allow one opinion for entire entity not its components. B) Plan the audit better and increase the effectiveness of substantive procedures. C) Provide different opinions on different components of the reporting entity. D) Eliminate the need for Test of Controls. Register to View Answer98. Which of the following is a governmental audit that is concerned with examining, reviewing, or performing agreed upon procedures on a subject matter or an assertion and reporting on the results. A) Financial Audit. B) Attestation Engagement. C) Performance Audits. D) Nonaudit Services. Register to View Answer 17 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 99. Government Auditing Standards identify which of the following categories of professional engagements: A) Financial audits, and performance audits. B) Financial audits, agreed-upon procedures and performance Financial audits. C) audits, attestation engagements, performance audits, and nonaudit services. D) Financial audits. Register to View Answer100. Which of the following is a governmental audit type that has a primary concern with providing reasonable assurance about whether financial statements are presented fairly? A) Financial Audit. B) Attestation Engagement. C) Performance Audit. D) Nonaudit services. Register to View Answer101. A) B) C) D) To apply for tax-exempt status, a non-profit organization must file: IRS Form 501(c)(3). IRS Form 990. IRS Form 1023. None of the above. Register to View Answer102. Service Efforts and Accomplishments Reporting is best completed by using A) A standard single measure to evaluate or present information. B) A variety of measures which vary from year to year in order to evaluate and present information. C) Only the information that is favorable to the organization. D) A variety of measures which are consistent from year to year. Register to View Answer 18 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 103. A) B) C) D) Which of the following is a prohibited activity for a Tax Exempt Organization? Make a Profit. Make financial contributions to a political candidate. File a tax return. Give money away. Register to View Answer104. A) B) C) D) All of the following are examples of service outputs, except: Enrollment increases. Dropout rates. The number of gifted or alternative programs. Degrees conferred. Register to View Answer105. A public charity is: A) An organization founded and operated exclusively for public benefit. B) An organization that receives more than one-third of its support from a combination of contributions, membership fees, and gross receipts from exempt activities. C) Neither A nor B. D) Both A and B. Register to View Answer106. The Museum of Creative Arts had the following expenses: $5,000 of membership development expense, $3,000 of Fundraising expense, $2,000 of Instructional Classes expense, and $1,500 of general and administrative expense. What is the program expense ratio (rounded)? A) 43%. B) 39%. C) 17%. D) 70%. Register to View Answer 19 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 107. What is the correct hierarchy of performance indicators of SEAs? A) Indicators of service efforts, indicators of service accomplishments, indicators of efficiency. B) Indicators of service accomplishments, indicators of efficiency, indicators of service efforts. C) Indicators of efficiency, indicators of service accomplishments, indicators of service efforts. D) Indicators of service efforts, mission objectives, indicators of efficiency. Register to View Answer108. A) B) C) D) A tax exempt organization is required to pay income taxes on Profit that is earned. Unrelated business income. Investment gains or losses. Contributions received. Register to View Answer109. Which of the following is an area of concern by the IRS with respect to tax-exempt organizations? A) Cost allocations. B) Excess executive compensation. C) Organizations operating out of their tax-exempt purpose. D) All the above. Register to View Answer110. A) B) C) D) A ratio that measures solvency is: Net assets/expenses. Program expense ratio. Net debt to assets. Fundraising efficiency. Register to View Answer111. A) B) C) D) If an auditor is not independent which type of audit opinion is appropriate? Unqualified. Qualified. Adverse. Disclaimer of opinion. Register to View Answer 20 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 112. If an auditee is not considered low-risk, what percent of federal funds expended are auditors required to express an opinion on? A) 100%. B) 70%. C) 50%. D) 25%. Register to View Answer113. Which of the following conditions would exempt income-producing activities from the Unrelated Business Income Tax (UBIT)? A) Majority of labor is performed by paid employees. B) The business is carried on regularly. C) It is operated for a profit. D) Merchandise is donated. Register to View Answer114. Which of the following is true concerning tax exempt organizations with unrelated business income? A) They may deduct all expenses in computing their tax liability. B) They may deduct the first $1,000 of unrelated business income. C) They file a 1040-NFP with the IRS. D) They must include investment income in computing their tax liability.. Register to View Answer115. Organizations exempt under section 501(c)(3) of the Internal Revenue code are required to file Form 990 or in some cases an alternate form by the 15th day of which month? A) The 9th month following the taxable year of the organization. B) The 3rd month of the calendar year. C) The 5th month following the taxable year of the organization. D) The month in which the organization originally filed. Register to View Answer 21 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 116. Currently, a single audit is required for organizations receiving what amount of federal funds? A) > $100,000. B) > $300,000. C) > $500,000. D) > $700,000. Register to View Answer117. A) B) C) D) What organization oversees the Governmental Auditing Standards? Governmental Accountability Office. Financial Accounting Standards Board. AICPA. Government Accounting Oversight Committee. Register to View Answer118. A) B) C) D) Government auditing standards are commonly known as: The Green Book. The Blue Book. The Red book. The Yellow book. Register to View Answer119. A) B) C) D) Which of the following is not true of Tax Exempt Entities? Even though they are tax exempt entities they must still file a tax return They have to report income that is unrelated to the organization They have Retained Earnings in the equity section of financial statements Tax exempt entities get an automatic $1,000 deduction in Unrelated Business Income Register to View Answer120. A) B) C) D) To qualify for tax-exempt status, an organization must do all of the following except: Have an Employers Identification Number. Be organized as a corporation, trust, or association. Complete IRS form 1023. Receive most of its income from contributions rather than by providing goods or services. Register to View Answer121. Government financial audits must comply with the following: 22 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance A) B) C) D) Generally Accepted Auditing Standards. Government Auditing Standards. Both A and B. Generally Accepted Accounting Principles. Register to View Answer122. The Single Audit Act intends that auditors conducting regular financial audits of state and local governments and not-for-profits organizations provide assurance to the federal government that: A) Federal funds have been expended in accordance with laws and regulations. B) Federal funds are protected through a system of internal controls and sound financial management practices. C) Both A & B. D) None of the above. Register to View Answer123. The program expense ratio is calculated as follows: A) Program service expenses / Total expenses B) Program service expenses + supporting service expenses / Total expenses C) Total expenses / Program service expenses D) Total expenses / Program service expenses + supporting service expenses. Register to View Answer124. A measure of performance that expresses how much an organization expends in raising the dollar of donations. A) Fundraising efficiency. B) Program expense ratio. C) Working capital ratio. D) None of the above. Register to View Answer 23 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 125. In a governmental audit the auditor: A) Is required to report directly to appropriate officials in addition to the board or audit committee B) Is only required to report to the board or audit committee C) Is only required to report directly to the appropriate officials D) None of the above. Register to View Answer126. Which of the following is not a governmental audit opinion unit? A) Governmental activities B) Business-type activities C) Each Major Fund D) All of the above are opinion units. Register to View Answer 24 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Essay Questions 127. List and explain the five ethical concepts outlined by the Yellow Book? Answer: 1. Public interest which focuses auditors attention on serving the citizenry and honoring the public trust 2. Integrity requires auditors to conduct their work with an attitude that is objective, factbased and nonpartisan 3. Objectivity includes independence in fact and appearance and being free of conflict of interests 4. Proper use of government information, resources and position precludes auditors from using sensitive or classified information or resources for personal gain 5. Professional behavior includes auditors conducting their services in accordance with technical and professional standards 128. The IRS announced that it considers tax-exempt organizations to be one of its four highest enforcement priorities. What are the three areas of concern for the IRS? Answer: 1. Cost allocations 2. Excess executive compensation 3. Organizations operating outside their tax-exempt purpose 129. What is required for an organization to qualify for tax-exempt status? Answer: 1. Have an Employers Identification Number (EIN) 2. Be organized as a corporation, trust or association 3. Complete IRs form 1023, Application for Recognition of Exemption 4. Receive notice from the IRS that the organization has been determined to be tax exempt 130. What factors would cause income that would otherwise qualify as unrelated business income to not be taxed? Answer: The existence of one or more of the following conditions will exempt incomeproducing activities from UBIT: (1) the business is not regularly carried on; (2) volunteers perform most of the labor; (3) the not-for-profit sells donated merchandise; and (4) it is operated for the convenience of employees, patients or students. 25 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 131.What is the objective of the single audit process? Answer: Single audits are intended to provide assurance to the federal government that federal and state funds are expended in accordance with grant agreements and with financial management and other standards issued by the federal government. The single audit process is viewed as a more efficient means than requiring grant-by-grant audits from a host of federal government offices and agencies. 132.Describe the different types of governmental audit and attestation engagements. Answer: (a) Financial audits primarily concern providing reasonable assurance about whether financial statements are presented fairly in all material respects in conformity with generally accepted accounting principles or with a comprehensive basis of accounting other than GAAP. (b) Attestation engagements concern examining, reviewing, or performing agreed upon procedures on a subject matter or an assertion about a subject matter and reporting on the results. Attestation engagements can cover a broad range of financial or nonfinancial objectives and can be part of a financial audit or other type of engagement. (c) Performance audits are an objective and systematic examination of evidence to provide an independent assessment of the performance and management of a program against objective criteria or an assessment of best practices and other information. Performance audits provide information to improve program operations and facilitate decision making by parties with responsibility to oversee or initiate corrective action, and improve public accountability. (d) Nonaudit services consist of gathering, providing, or explaining information requested by decision makers or providing advice or assistance to management officials. 26 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 133.Describe the types of audit opinions that may be issued on a governmental or not-forprofit financial report. Answer: (a) Unqualified indicates that the financial statements are presented fairly, in all material respects, the financial position, results of operations and cash flows in conformity with generally accepted accounting principles. (b) Qualified states that except for the effects of matters to which the qualification relates, the financial statements are fairly presented. (c) Adverse states that the financial statements are not fairly presented (d) Disclaimer states that the auditor does not express an opinion on the financial statements. 134.What is an opinion unit and what are the five opinion units for state and local governments? Answer: In any audit engagement, the auditor must determine a level of materiality. This determination is then used to plan, perform, and evaluate the results of audit procedures. Because of the various levels of reporting by governments (governmentwide, fund-type and individual fund), separate materiality evaluations are needed for the different levels of reporting. The five opinion units are: Governmental activities. Business-type activities. Each major fund (both governmental and enterprise). The aggregate of all discretely presented component units. The aggregate of all remaining fund information. 135.What are major programs with respect to the Single Audit Act of 1984 and amendment of 1996? Distinguish between Type A and Type B programs. Register to View Answermajor program is one that is selected for audit for compliance under the provisions of OMB Circular A-133. The auditor is required to express an opinion on compliance with major programs, which must add up to 50% of the federal funds expended by the audited entity, or 25% if the entity is determined to be low risk. Type A programs are the larger programs and would be audited as major programs unless the auditor determines they are low risk. Low risk programs must have been audited within the past two years and had no major audit findings. Type B programs are the smaller programs and would be audited only if the auditor determines they are high risk. 27 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 136.How has the Sarbanes-Oxley Act of 2002 affected the practices of not-for-profit and governmental organizations? Why have these provisions been adopted? Answer: While the provisions of the Sarbanes-Oxley Act are required only for corporations filing with the Securities and Exchange Commission, many not-for-profit boards have begun to adopt the Acts best practices of corporate governance. Some of the Acts provisions already existed in governmental auditing standards. For example, auditors must report deficiencies in the design or operation of internal controls, and auditors are prohibited from performing many nonattest services. Other provisions are being adopted voluntarily. They include: establishing audit committees composed of non-management board members to oversee the auditor requiring the CEO and CFO to publicly attest to the accuracy and completeness of the financial statements and the adequacy of controls requiring audit partner rotation and concurring partner review requiring audit committee approval of all nonaudit services performed by the auditor and establishing a code of conduct for the organization and a mechanism for whistle-blowing by employees. Not-for-profit organizations have chosen to adopt these provisions mainly because of pressure placed on them from funding foundations that are now requiring SarbanesOxley compliance. 137.What is the purpose of the Unrelated Business Income Tax? Answer: Not-for-profits performing business activities, such as the sale of goods and services, compete with commercial enterprises providing similar goods and services. If the income on these activities were not taxed, not-for-profit entities would have an unfair advantage over tax-paying commercial enterprises. To provide for equity between these two groups and to encourage not-for-profits to focus on their taxexempt mission, Congress passed the Unrelated Business Income Tax. 138.How is the Unrelated Business Income Tax computed? Answer: When computing unrelated business income tax, not-for-profits are allowed to deduct ordinary and necessary expenses directly connected with the trade or business under consideration. In addition, the first $1,000 of unrelated business income is not taxed. The tax is computed at the corporate or trust rate. 28 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 139.List four sources of income that is not subject to the unrelated business income tax? Answer: Any four of the following: (a) The business is not regularly carried on. (b) Volunteers perform most of the labor. (c) The not-for-profit sells donated merchandise (d) It is operated for the convenience of employees, patients or students (e) Royalties, dividends and interest. (f) Income of a college, university or hospital from research performed. (g) Income from qualified public entertainment activities in connection with a fair or exchange. (h) Income from labor, agricultural, and horticultural organizations and business trade associations from convention or trade show activities. (i) Income related to rental or exchange of rental lists. 140.A local government has four federal grants. Expenditures amounted to $1,000,000 during the year ended June 30, 2012, as follows: Type A HHS grant, audited last year, no major findings HHS grant, new this year and never audited $ 400,000 350,000 Type B Department of Transportation FFA Total all funds 205,000 45,000 $1,000,000 A. Which grants would the auditor be required to audit, assuming the government is not found to be low risk? B. Which grants would the auditor be required to audit, assuming the government is found to be low risk? Register to View AnswerIf the government is not found to be low risk, the audit must include 50% ($500,000) of the federal funds expended. In this case, the auditor would be required to select the new HHS grant in the amount of $350,000 because it has never been audited. The other HHS grant could be audited, or the auditor could select the Department of Transportation grant, based on a risk assessment. The FFA grant does not have to be evaluated since it is below the $100,000 threshold. B. If the government is found to be low risk, only 25% of the funds must be audited. The auditor could choose to audit only the new HHS grant as a major program if the Department of Transportation is also deemed to be low risk. 29 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 141.The Comprehensive Annual Financial Report of a local governmental unit includes several statements and sections. When a financial analyst is computing ratios and extracting other information, he or she needs to know where in the CAFR to look. Use the following classification to indicate where an analyst would look in the CAFR to compute the ratios and gather information by placing the appropriate letter(s) in the space next to each item. When possible, choose the location in the basic financial statements or notes that would be subject to examination: a. b. c. d. e. f. g. h. i. j. k. l. m. n. o. p. Letter of transmittal-introductory section Managements Discussion and Analysis Auditors opinion Government-wide Statement of Net Assets Government-wide Statement of Activities Governmental funds Balance Sheet Governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances Proprietary funds Statement of Net Assets Proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets Proprietary funds Statement of Cash Flows Fiduciary funds Statement of Fiduciary Net Assets Fiduciary funds Statement of Changes in Fiduciary Net Assets Notes to the Basic Financial Statements Required Supplementary Information other than MD&A Combining and individual fund statements (Other Supplementary Information) Statistical Section 30 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance Ratios and Other Items: ______ 1. Net debt per capita ______ 2. Net debt to fair value of property ______ 3. Interest coverage-revenue bonds ______ 4. Operating ratio-enterprise funds ______ 5. Governmental revenues per capita ______ 6. Debt service/total governmental revenues ______ 7. Unreserved fund balance/revenues-General Fund ______ 8. Actual expenditures/budgeted expenditures-General Fund ______ 9. Unrestricted net assets-governmental activities/general government expenses-governmental activities ______ 10. Cash expended on capital assets- enterprise activities ______ 11. Summary information regarding overall government financial performance for the year ______ 12. City management organizational chart ______ 13. Unfunded pension liability for the government as a whole ______ 14. Information regarding actual and planned maintenance of infrastructure, when the modified approach is used ______ 15. Debt limit and debt margin ______ 16. Total expenses for interest for a major enterprise fund ______ 17. Assessed value of property ______ 18. Information regarding balances for a nonmajor enterprise fund ______ 19. Schedule of direct and overlapping debt ______ 20. Cash balances in a pension trust fund Answer: 1-d; 2-d,p; 3-i; 4-i; 5-g,p; 6-g; 7-f,g; 8-n; 9-d,e; 10-j; 11-b; 12-a; 13-n; 14-n; 15-p; 16-i; 17-p; 18-o; 19-p; 20-k 31 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance 142.Assume the mission statement for the Area Homeless Shelter is as follows: To provide temporary shelter and meals to area homeless and to assist them in obtaining self sufficiency. The Shelter has approached you about contributing a substantial amount of money to support their operations. Before contributing your money, you would like to evaluate the Shelter's service efforts and accomplishments. Give an example of Input, Output, Outcome, and Efficiency measures that you might find useful in assessing the Service Efforts and Accomplishments of the Area Homeless Shelter. Answer: (a) Input measures Dollars expended for program services and supporting services, # volunteer hours, donated supplies and materials. (b) Output measures - # meals served, # clients spending the night, # of clients entering drug rehabilitation, # of clients entering job training programs (c) Outcome measures # of clients obtaining permanent self-sufficiency (d) Efficiency average cost of a client in obtaining permanent self-sufficiency. 143.Why is Service Efforts and Accomplishments reporting especially important for governmental and not-for-profit entities? Answer: Service Efforts and Accomplishments reporting is especially important for governmental and not-for-profit entities because of the difficulty in communicating information about organizational performance in a non-business environment. In business reporting, Sale Revenues are a market-based assessment that you have a desired good or service and are offering it at a competitive price. Expenses are matched with revenues and the resulting net income tells the reader of financial statements whether the organization was able to produce the good or service at a cost less than the revenue generated. As a result, net income is a useful measure of performance and is easily compared across organizations. In a non-business organization the financial reporting system is effective at measuring the costs of providing goods or services. However, because many of the revenues are from non-exchange transactions (taxes or contributions), revenue is not based on a market perception of the value of the good or service. Rather, resource providers are motivated by other concerns. Therefore the difference between revenues and expenses is not a useful measure of organizational performance. Additionally, the mission of non-business organizations is generally more complicated than simply generating earnings. As a result, non-financial outcome measures are a 32 Chapter 13 Auditing, Tax Exempt Organizations, and Evaluating Performance more useful means of assessing performance. These measures are typically not captured by the financial reporting system and are more difficult to compare across organizations with differing activities. 144.Assume the mission statement for the City Fire Department is as follows: To minimize the combined cost of fire prevention and fire loss. Give an example of Input, Output, Outcome, and Efficiency measures that might be used in Service Efforts and Accomplishments Reporting. Answer: (a) Input measures Dollars expended for fire protection, # manhours, # fire stations, # fire engines. (b) Output measures - # fires extinguished, # inspections performed, average response time. (c) Outcome measures # fires reported, $ fire loss, # fire fatalities. (d) Efficiency average decrease in fire loss per input measure added (e.g. fire stations, fire engines, fire inspectors). 33

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University of Michigan-Dearborn - ACC - 439
Chapter 14 Financial Reporting by the Federal GovernmentTrue / False Questions1. Accounting standards for the federal government and its agencies are established by theGovernmental Accounting Standards Board.Answer: False2. Accounting standards for t
University of Michigan-Dearborn - ACC - 355
CHAPTER 1: THE ACCOUNTANTS ROLE IN THE ORGANIZATION TRUE/FALSE 1. Management accounting information focuses on external reporting. Answer: False Difficulty: 1 Objective: Management accounting information focuses on internal reporting. 2. 1A good cost acc
University of Michigan-Dearborn - ACC - 355
CHAPTER 2: AN INTRODUCTION TO COST TERMS AND PURPOSES TRUE/FALSE 1. Products, services, departments, and customers may be cost objects. Answer: 2. True Difficulty: 1 Objective: 1Costs are accounted for in two basic stages: assignment followed by accumula
University of Michigan-Dearborn - ACC - 355
CHAPTER 3 COST-VOLUME-PROFIT ANALYSISTRUE/FALSE 1. To perform cost-volume-profit analysis, a company must be able to separate costs into fixed and variable components. Answer: True Difficulty: 1 Terms to Learn: cost-volume-profit (CVP) analysis 2. Object
University of Michigan-Dearborn - ACC - 355
CHAPTER 4 JOB COSTINGTRUE/FALSE 1. Direct costs are allocated to the cost object using a cost-allocation method. Answer: False Difficulty: 1 Objective: 1 Terms to Learn: cost-allocation base Indirect costs are allocated to the cost object using a cost-al
University of Michigan-Dearborn - ACC - 355
CHAPTER 5 ACTIVITY-BASED COSTING AND ACTIVITYBASED MANAGEMENTTRUE/FALSE 1. A top-selling product might actually result in losses for the company. Answer: True Difficulty: Terms to Learn: product undercosting 2. 2 Objective: 1Companies that undercost pro
University of Michigan-Dearborn - ACC - 355
CHAPTER 6: MASTER BUDGET AND RESPONSIBILITY ACCOUNTING TRUE/FALSE 1. Few businesses plan to fail, but many of those that flop have failed to plan. Answer: 2. True Difficulty: 1 Objective: 1The master budget reflects the impact of operating decisions, but
University of Michigan-Dearborn - ACC - 355
CHAPTER 7: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: I TRUE/FALSE 1. The master budget is one type of flexible budget. Answer: 2. False Difficulty: 1 Objective: 1The master budget is a static budget.A flexible budget is calculated at the star
University of Michigan-Dearborn - ACC - 355
CHAPTER 8: FLEXIBLE BUDGETS, VARIANCES, AND MANAGEMENT CONTROL: II TRUE/FALSE 1. Overhead costs are a major part of costs for most companies more than 50% of all costs for some companies. Answer: 2. True Difficulty: 1 Objective: 1At the start of the budg
University of Michigan-Dearborn - ACC - 355
CHAPTER 9: INVENTORY COSTING AND CAPACITY ANALYSIS TRUE/FALSE 1. Absorption costing absorbs only variable manufacturing costs. Answer: False Difficulty: 1 Objective: 1 Absorption costing absorbs all manufacturing costs, both fixed and variable. 2. Variabl
University of Michigan-Dearborn - ACC - 355
CHAPTER 10: DETERMINING HOW COSTS BEHAVE TRUE/FALSE 1. One assumption frequently made in cost behavior estimation is that changes in total costs can be explained by changes in the level of a single activity. Answer: 2. True Difficulty: 1 Objective: 1All
University of Michigan-Dearborn - ACC - 355
CHAPTER 11: DECISION MAKING AND RELEVANT INFORMATION TRUE/FALSE 1. A decision model is a formal method for making a choice, frequently involving both quantitative and qualitative analyses. Answer: 2. True Difficulty: 1 Objective: 1Feedback from previous
University of Michigan-Dearborn - ACC - 355
CHAPTER 12: PRICING DECISIONS AND COST MANAGEMENT TRUE/FALSE 1. Companies must always examine pricing decisions through the eyes of their customers. Answer: 2. True Difficulty: 2 Objective: 1Relevant costs for pricing decisions include manufacturing cost
University of Michigan-Dearborn - ACC - 355
CHAPTER 13: STRATEGY, BALANCED SCORECARD, AND STRATEGY PROFITABILITY ANALYSIS TRUE/FALSE 1. Strategy describes how an organization matches its own capabilities with the opportunities in the marketplace to accomplish its overall objectives. Answer: 2. True
University of Michigan-Dearborn - ACC - 355
CHAPTER 14: COST ALLOCATION, CUSTOMER-PROFITABILITY ANALYSIS, AND SALES-VARIANCE ANALYSIS TRUE/FALSE 1. Indirect costs are costs that cannot be traced to cost objects in an economically feasible way. Answer: 2. True Difficulty: 1 Objective: 1To motivate
University of Michigan-Dearborn - ACC - 355
CHAPTER 16: COST ALLOCATION: JOINT PRODUCTS AND BYPRODUCTS TRUE/FALSE 1. Joint costs are incurred beyond the splitoff point and are assignable to individual products. Answer: False Difficulty: 2 Joint costs are incurred prior to the splitoff. 2. Separable
University of Michigan-Dearborn - ACC - 355
CHAPTER 17: PROCESS COSTING SYSTEMS TRUE/FALSE 1. Examples of industries that would use process costing include the pharmaceutical and semiconductor industry. Answer: 2. True Difficulty: 1 Objective: 1The principal difference between process costing and
University of Michigan-Dearborn - ACC - 355
CHAPTER 18: SPOILAGE, REWORKED UNITS, AND SCRAP TRUE/FALSE 1. Reducing defects helps to reduce costs, but does not make the business more competitive. Answer: False Difficulty: 2 Reducing defects does make the business more competitive. 2. Objective: 1Re
University of Michigan-Dearborn - ACC - 355
CHAPTER 20 Inventory Management, Just-in-Time, and Simplified Costing MethodsTRUE/FALSE 1. Retailers generally have a high percentage of net income to revenues. Answer: False Difficulty: 2 Terms to Learn: inventory management Retailers have a low percent
University of Michigan-Dearborn - ACC - 355
CHAPTER 21: CAPITAL BUDGETING AND COST ANALYSIS TRUE/FALSE 1. Capital budgeting focuses on projects over their entire lives in order to consider all the cash flows or cash savings from investing in a single project. Answer: 2. True Difficulty: 2 Objective
University of Michigan-Dearborn - ACC - 355
CHAPTER 22: MANAGEMENT CONTROL SYSTEMS, TRANSFER PRICING, AND MULTINATIONAL CONSIDERATIONS TRUE/FALSE 1. The goal of a management control system is to improve the collective decisions in an organization in an economically feasible way. Answer: 2. True Dif
University of Michigan-Dearborn - ACC - 355
CHAPTER 23: PERFORMANCE MEASUREMENT, COMPENSATION, AND MULTINATIONAL CONSIDERATIONS TRUE/FALSE 1. Many common performance measures, such as customer satisfaction, rely on internal financial accounting information. Answer: False Difficulty: 1 Objective: 1
University of Michigan-Dearborn - PHIL - 233
ch1Student: _1.Determine whether the following passage is (or contains) an argument.Will a beverage begin to cool more quickly in the freezer or in the regular part of the refrigerator? Well,of course it'll cool faster in the freezer! There are lots
University of Michigan-Dearborn - PHIL - 233
ch2Student: _1.Identify the following passage as containing an argument, two arguments, or no argument; if it containsan argument, identify the conclusion(s); and, if it contains two arguments, indicate which argument is theprincipal argument.Bamboo
University of Michigan-Dearborn - PHIL - 233
ch4Student: _1.Assess the following as probably true, as probably false, as requiring further documentation beforejudgment, or as a claim that cannot properly be evaluated. Consider both the nature of the claim and thesource. "In the early 1800s, bea
University of Michigan-Dearborn - PHIL - 233
ch5Student: _1.Isolate and discuss the rhetorical devices that appear in the following passage:Not everyone thinks that [former] Senator Jesse Helms is the least admired American public figure(as some opinion polls show). Even now, one or two souther
University of Michigan-Dearborn - PHIL - 233
ch6Student: _1.Identify any fallacies in the following passage either by naming them or, where they seem not to conformto any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoningis irrelevant to the poi
University of Michigan-Dearborn - PHIL - 233
ch7Student: _1.Identify any fallacies in the following passage either by naming them or, where they seem not to conformto any of the patterns described in the text, by giving a brief explanation of why the fallacious reasoningis irrelevant to the poi
University of Michigan-Dearborn - PHIL - 233
ch8Student: _1.Translate the following into a standard-form categorical claim: Not every product that's organic isactually a chemical-free product.2.Translate the following into a standard-form categorical claim: The only organic products are chemic
University of Michigan-Dearborn - PHIL - 233
ch9Student: _1.Using the letters provided below, symbolize this claim: "If we plant from seed, we'll have to plantannuals."A = We plant annuals.S = We plant from seed.2.Using the letters provided below, symbolize this claim: "We can plant perennia
University of Michigan-Dearborn - PHIL - 233
ch10Student: _1.Make this inductive (statistical) syllogism into a relatively strong argument by supplying an appropriatepremise or conclusion: Greg must be into all that New Age stuff since he wears his hair in a ponytail.2.Make this inductive (sta
University of Michigan-Dearborn - PHIL - 233
ch11Student: _1.Is the following a physical causal explanation or behavioral causal explanation? "My printer won't workbecause it's not properly hooked up to my computer."A. physicalB. behavioral2.Is the following a physical causal explanation or
University of Michigan-Dearborn - PHIL - 233
ch12Student: _1.State whether the following item expresses moral value or nonmoral value; or no value at all.Morgan is old enough to have known what would happen if he didn't pay the fine on time.2.State whether the following item expresses moral va
Maryland - BSCI - 105
Clicker Question!The energy available to a cell todo work is called:1. Kinetic energy2. Potential energy3. Free energy4. Total energyClicker Question!The energy available to a cell todo work is called:1. Kinetic energy2. Potential energy3. Fre
Maryland - BSCI - 105
Chemical energy carried byelectrons is harvested through aseries of _ reactions.1. Phosphorylation-Dephosphorylation2. Reduction-Oxidation3. Catabolic-Anabolic4. Antagonistic-CooperativeBSCI105ples of Biology IPrinciFALL 2011BSCI105ples of Biolo
Maryland - BSCI - 105
When plants capture light, thatenergy is used to make:1. Glucose2. ATP and NADPH3. NADH and ATP4. SucroseBSCI105 of Biology IPrinciplesFALL 2011BSCI105 of Biology IPrinciplesFALL 2011Clicker Question!PhotosynthesisChapter 101BSCI105 of Bio
Maryland - BSCI - 105
The incorporation of carbon intoan organic compound is called:1.2.3.4.PhotophosphorylationFixationPhotorespirationReductionBSCI105ples of Biology IPrinciFALL 2011BSCI105ples of Biology IPrinciFALL 2011Clicker Question!PhotosynthesisChapt
Maryland - PHIL - 140
SaundersSOME ADVICE IN WRITING YOUR PHILOSOPHY PAPER1) Write as if your audience is intelligent but uninformed. Keep in mind that thepurpose of your paper is to show me what you know and to demonstrate yourability to think through difficult and thorny
American River - HEED - 11142
HEED 300November 9, 2011Personal Wellness Project1. My pre-change and post-change weeks for this Wellness Project were very different fromeach other. During the pre-change week it took a lot for me to start drinking milkbecause I guess I wasnt use to
University of Guelph - BIOC - 2580
INTRODUCTORY BIOCHEMISTRY FINAL EXAMFALL 2005 SEMESTERPAGE - 9ANSWERS TO FALL 2005 FINAL EXAMSECTION AMULTIPLE CHOICE QUESTIONSDetailed Solutions to Multiple Choice Questions1.(C) C ysteine w ith !SH thiol side chain was shown as a typical reducin
University of Guelph - BIOC - 2580
INTRODUCTORY BIOCHEMISTRY FINAL EXAMFALL 2006 SEMESTERPAGE - 13ANSWERS TO FALL 2006 FINAL EXAMSECTION AMULTIPLE CHOICE QUESTIONSDetailed Solutions to Multiple Choice Questions1.(B) O rnithine is produced by the action of the enzyme arginase on ami
University of Guelph - BIOC - 2580
INTRODUCTORY BIOCHEMISTRY FINAL EXAMFALL 2007 SEMESTERPAGE - 9ANSWERS TO FALL 2007 FINAL EXAMSECTION ATrue/False Questions1.True. Enzymes are biochemical catalysts to speed up the biochemical reactions bylowering the activation energy (Ea).2.Fal
University of Guelph - MBG - 2000
Midterm I Version 1 (Blue)1. What is the probability that III-11 is heterozygous for the GSDII allele?Answer is e) greater than 80%III-11 is 100% heterozygous2. What is the probability that their first child will be affected with Glycogen Storage Dise
University of Guelph - MBG - 2000
Midterm II Version 1 (Blue) Answer Key1. If the genes L and R are very tightly linked, which of the following results represent the offspring of adihybrid test-cross? Assume the alleles are in the trans configuration in the dihybrid.Answer is d) 100 wi
University of Guelph - MBG - 2000
MBG 2000Introductory GeneticsMock Midterm ExamFall 2010It is most beneficial to you to write this mock midterm UNDER EXAMCONDITIONS. This means: Complete the midterm in an hour and 15 minutes. Work on your own. Keep your notes, textbook, and workb
University of Guelph - FRHD - 2100
Gender IssuesChapter 5A thought I was taught early on what appropriategender behaviour was. I remember thinkinghow unfair it was to do weekly cleaning choreswhile all my brother had to do was take outthe garbage. When I asked my mom why, shesaid,
University of Guelph - FRHD - 2100
Sexual Techniques and Behaviour PatternsChapter 8Sexual TechniquesBody is responsive to manyforms of sexual satisfactionBecause you can does notmean you have toOur sexual behaviour isdetermined by:Cultural expectationsPersonal valuesIndividual
University of Guelph - FRHD - 2100
Sexual Orientation,Chapter 9 Many individuals have different views aboutsexual orientation Is it a choice? Is it genetics? Religious concerns and views Cultural concerns and views This information is intended to familiar youwith concepts, definit
University of Guelph - FRHD - 2100
Chapter 11 and 14Contraception and AbortionSexually Transmitted InfectionsHistory of Contraception History of contraception goes back to ancientGreeks and Egyptians 1800s; several groups interested in controllingfertility to reduced poverty 1873;
University of Guelph - FRHD - 2100
Chapter 15Sexual VariationsParaphiliasDIFFERENT SEXUAL VARIATIONSVarieties of Sexual Expression Paraphilia Clinical term used todescribe types of sexualexpressions that areseen as unusual andpotentially problematic. A person who engagesin para
University of Guelph - FRHD - 2100
Chapter 16 - Sexual CoercionSexual Images and Selling SexThe following information includes the key elements of the chapter. The textbookwill provide you with further details about each area. Consider these notes as aguide for reviewing the chapterCu
University of Guelph - FRHD - 2100
Commercial Sex/Sex and MediaInitial questions to consider?Subliminal messagesSubliminalHave you ever bought a product because the advertising sold you?HaveWas sex used to sell it?WasWhat made you want to buy the product?WhatSex and Mass MediaTh
University of Guelph - MCB - 2210
Name:_Student ID#:_BIOL2210: Introductory Cell BiologySample Midterm ExaminationTotal marks: 65Total time: 75 minutes1. PRINT your name and student number in the spaces provided at the top left corner of thispage AND on the Test Scoring Answer Shee
University of Guelph - MCB - 2210
University of Guelph - MCB - 2210
Section ASelect the BEST answer to the question provided and mark it on your Test Score AnswerSheet. A correct answer is worth one mark.1. What is the major structure shown in the electron micrographon the right?a) tight junctionb) hemidesmosomec)
University of Guelph - PSYC - 1200
SLG MOCK FINAL FOR PRACTICE ONLYWinter 2011 PSYC 1200FORMAT:60 MULTIPLE CHOICE SAMPLE QUESTIONSIMPORTANT:It is most beneficial to you to write this mock final UNDER EXAMCONDITIONS. This means: Complete the mock final in 60 minutes. Work on your ow
University of Guelph - CIS - 1200
Student Name: _ _ Id Number: _(Please PRINT) Last NameFirst NameIntroduction to ComputingF06CIS*1200MidtermWednesday October 25th 5:30-6:50 p.m.A-Z, Thornbr.1200Early Start (Conflicts) 16:00-17:30 MacK 230Instructor: Allan G. DyerPage 218a) U
University of Guelph - BIOC - 2580
B IO C * 2 5 8 0 F a ll 2 0 0 7 F in a l E x a m in a tio nF r id a y D e c e m b e r 7 , 2 0 0 7 ; 8 : 3 0 a .m . In s tr u c to r : D r . D a vid J o s e p h yInstructions: No written aids or programmable calculators may be brought into the exam. Elec
Chemnitz University of Technology - ECON - 191
WHITCOMB CORPORATIONBalance SheetDecember 312007$30,000.00110,00080,00090,000603,000$913,000$98,000230,000400,000185,000$913,000Current liabilitiesLong-term debtCommon stock, $10 parRetained Earnings2006$24,000.0048,00078,00070,000
Minnesota - MATH - 366
Math 219, Homework 2Due date: 23.11.2005, Wednesday This homework concerns two (fictitious) design problems about the solar car "MES e" of the METU Robotics Society, which won the Formula-G trophy in September 2005. Just for the purposes of this homework
Minnesota - MATH - 366
Math 219, Homework 3Due date: 9.12.2005, Friday 1. Consider the initial value problem d2 x dx + + x = u4 (t), dt2 dt y(0) = y (0) = 0(a) Solve this initial value problem using the Laplace transform. dx dt with respect to t (You can use the function Step