ACCT266 Public Admin Fund Accounting CH2

ACCT266 Public Admin Fund Accounting CH2 - Question 1 1 out...

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Question 1 1 out of 1 points Which of the following is true regarding the governmental fund statements? Answer Selected Answer: The governmental fund statements are prepared using the current financial resourc measurement focus and modified accrual accounting. Correct Answer: The governmental fund statements are prepared using the current financial resourc measurement focus and modified accrual accounting. Question 2 1 out of 1 points Which of the following is true regarding the government-wide financial statements? Answer Selected Answer: The government-wide financial statements include the Statement of Net Assets a the Statement of Activities. Correct Answer: The government-wide financial statements include the Statement of Net Assets a the Statement of Activities. Question 3 1 out of 1 points A budgetary comparison schedule is required for? Answer Selected Answer: (A) and (B) only. Correct Answer:
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(A) and (B) only. Question 4 0 out of 1 points Which of the following is true regarding the government-wide Statement of Activities? Answer Selected Answer: Transfers between governmental and business type activities are eliminated and do appear on the government-wide Statement of Activities. Correct Answer: The Statement of Activities includes depreciation expense. Question 5
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This note was uploaded on 03/23/2012 for the course ACCT 266 taught by Professor None during the Spring '12 term at Clark State Community College.

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ACCT266 Public Admin Fund Accounting CH2 - Question 1 1 out...

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