ACC 219 Quiz 1 ANSWER KEY

ACC 219 Quiz 1 ANSWER KEY - ACC 219 Quiz#1 Student 1 The...

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Student: ___________________________________________________________________________ 1. The Federal Accounting Standards Advisory Board (FASAB) recommends accounting principles and standards for the federal government and its agencies and state governments. True False 2. The government-wide financial statements are intended to report on fiscal accountability . True False 3. Which of the following is always subject to GASB jurisdiction? A.A hospital. B.A college or university. C.A public school district. D.All of the above. 4. Which of the following organizations should be included as part of the governmental reporting entity? A.A primary government. B.Other legally separate organizations for which the primary government is financially accountable. C.Other organizations for which the nature and significance of their relationship with the primary government are such that exclusion would cause the reporting entity's financial statements to be misleading or incomplete. D.All of the above.
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This note was uploaded on 02/23/2010 for the course ACTG 23123 taught by Professor Navaroli during the Spring '10 term at CSU San Bernardino.

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ACC 219 Quiz 1 ANSWER KEY - ACC 219 Quiz#1 Student 1 The...

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