MSATestbank2_2007

MSATestbank2_2007 - Personal computer for the city...

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Equipment for village tax collector's office $40,000 Vehicles for village electric utility 60,000 Personal computer for the city treasurer $4,000 Furniture for the mayor’ s office $10,000 $600,000 For construction of public golf course; bonds to be paid from pledged fees collected from golf course users: 800,000 Spring 2007 NAME _______________________ PROBLEM I MULTIPLE CHOICE (1 POINT EACH) : 1. _________ 2. _________ 3. _________ 4. _________ 5. _________ 6. _________ 7. _________ 8. _________ 9. _________ 10. _________ 11. _________ 12. _________ 13. _________ 14. _________ 15. _________ 16. _________ 17. _________ 18. _________ 19. _________ 20. _________ 21. _________ 22. _________ 23. _________ 24. _________ 25. _________ 26. _________ 27. _________ 28. _________ 29. _________ 30. _________ 31. _________ 32. _________ 33. _________ 34. _________ 35. _________ 36. _________ 37. _________ 38. _________ 39. _________ 40. _________ 41. _________ 42. _________ 43. _________ 44. _________ 45. _________ 46. _________ 47. _________ 48. _________ 49. _________ 50. _________ 51. _________ 52. _________ 53. _________ 54. _________ 55. _________ 56. _________ 57. _________ 58. _________ 59. _________ 60. _________ 61. _________ 62. _________ 63. _________ 64. _________ 65. _________ 66. _________ 67. _________ 68. _________ 69. _________ 70. _________ 71. _________ 72. _________ 73. _________ 74. _________ 75. _________ 76. _________ 77. _________ 78. _________
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1. Which of the following is  not  a characteristic of a fund as defined by GASB standards?  A)  An accounting entity.  B)  A segregated quantity of cash and other financial resources on deposit with a designated  trustee.  C)  A fiscal entity.  D)  A self-balancing set of accounts.  2. The accrual basis of accounting applicable to proprietary fund types requires that revenues be 
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This note was uploaded on 04/12/2011 for the course ACCT 2500 taught by Professor Johnmalone during the Fall '08 term at Cuyahoga CC.

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MSATestbank2_2007 - Personal computer for the city...

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