Ch1-Acct for Gov and NonProfit Ent 15e

Ch1-Acct for Gov - Add modify and remove questions Select a question type from the Add Question drop-down list and click Go to add questions Use

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Unformatted text preview: Add, modify, and remove questions. Select a question type from the Add Question drop-down list and click Go to add questions. Use Creation Settings to establish which default options, such as feedback and images, are available for question creation. COURSES > ACCOUNTING FOR GOVERNMENTAL AND NONPROFIT ENTITIES:, 15/E- WILSON > CONTROL PANEL > POOL MANAGER > POOL CANVAS Pool Canvas Add Multiple Choice Creation Settings Name Chapter 01 Introduction to Accounting and Financial Reporting for Governmental and Not-for- Profit Entities Description Questions which Blackboard's assessment component is incapable of supporting are not included in the export. Instructions Add Question Here Question 1 True/False Question General purpose governments generally provide a wider range of services to their residents than do special purpose governments. Answer True False Correct Feedback correct Incorrect Feedback incorrect Add Question Here Question 2 True/False Question Examples of special purpose governments include cities, towns, and public schools that receive tax revenue to finance the services they provide. Answer True False Correct Feedback Although many public school systems are special purpose government, cities and towns are general purpose governments. Incorrect Feedback Although many public school systems are special purpose government, cities and towns are general purpose governments. Add Question Here Question 3 True/False Question The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all state and local governments, both general purpose and special purpose. Answer True False Correct Feedback correct Incorrect Feedback incorrect Add Question Here Question 4 True/False Question A characteristic common to governmental and not-for-profit organizations is operating purposes that are other than to provide goods or services at a profit or profit equivalent. Answer True False Correct Feedback This is one of the characteristics; others include receipt of significant amounts of resources from resource providers who do not expect to receive either repayment or economic benefits proportionate to the resources provided and absence of defined ownership interests that can be sold, transferred, or redeemed, or that convey entitlement to a share of a residual distribution of resources in the event of liquidation of the organization. Incorrect Feedback This is one of the characteristics; others include receipt of significant amounts of resources from resource providers who do not expect to receive either repayment or economic benefits proportionate to the resources provided and absence of defined ownership interests that can be sold, transferred, or redeemed, or that convey entitlement to a share of a residual distribution of resources in the event of liquidation of the organization....
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This note was uploaded on 09/25/2011 for the course ACCT 3000-5000 taught by Professor Faker during the Spring '11 term at Texas Woman's University.

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Ch1-Acct for Gov - Add modify and remove questions Select a question type from the Add Question drop-down list and click Go to add questions Use

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