Homework Ch. 16 - Results Reporter Out of 15 questions, you...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Results Reporter Out of 15 questions, you answered 15 correctly with a final grade of 100% 15 correct (100%) 0 incorrect (0%) 0 unanswered (0%) Your Results: The correct answer for each question is indicated by a . 1 CORRECT A fund is: A) a term used for money collected and spent by a governmental unit. B) an account used to accumulate donations by non-profit groups. C) a self-balancing set of accounts used to record data generated by an identifiable governmental unit. D) not used when preparing government-wide financial statements. E) not used when preparing fund-based financial statements. 2 CORRECT Which of the following group of funds uses the current financial resources measurement focu s for the fund-based financial statements? A) Donated Funds B) Proprietary Funds C) Fiduciary Funds D) Charitable Funds E) Governmental Funds 3 CORRECT Which of the following statements would show an account called Expenditures ?
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
A) Fund-Based Balance Sheet B) Fund-Based Statement of Revenues, Expenditures, and Changes in Fund Balance C) Government-Wide Statement of Net Assets D) Government-Wide Statement of Activities E) Government-Wide Statement of Revenues, Expenditures and Changes in Fund Balance 4 CORRECT Which of the following statements would show an account called
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Page1 / 4

Homework Ch. 16 - Results Reporter Out of 15 questions, you...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online