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Ch 16 Multiple Choice Questions answers

Ch 16 Multiple Choice Questions answers - Multiple Choice...

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Multiple Choice Questions 1. Which of the following is not considered part of the primary group of users of governmental accounting information? A. Citizens B. Management C. Legislature D. Governmental Oversight Groups E. Creditors 1. B Study Guide – Chapter 16 1
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2. 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. C 2 Advanced Accounting – 10/ e
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3. 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. E Study Guide – Chapter 16 3
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4. Which of the following statements would show an account called Expenditures ? 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. B 4 Advanced Accounting – 10/ e
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5. Which of the following statements would show an account called Expenses ? A. Fund-Based Balance Sheet B. Fund-Based Statement of Revenues, Expenditures, and Changes in Fund Balance.
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Ch 16 Multiple Choice Questions answers - Multiple Choice...

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