ACCT266 Public Admin Fund Accounting CH8

ACCT266 Public Admin Fund Accounting CH8 - Question 1 1 out...

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

View Full Document Right Arrow Icon
Question 1 1 out of 1 points Which of the following is true regarding the government-wide Statement of Activities? Answer Selected Answer: Fiduciary activities are not reported. Correct Answer: Fiduciary activities are not reported. Question 2 1 out of 1 points The General Fund of the City of Plymouth purchased a police car in the amount of $25,000. Which of the following would be true? Answer Selected Answer: The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances would report an expenditure of $25,000. Correct Answer: The General Fund Statement of Revenues, Expenditures, and Changes in Fund Balances would report an expenditure of $25,000. Question 3 1 out of 1 points For the depreciation of infrastructure… Answer Selected Answer: Governments are permitted a choice to use the modified approach or to record depreciation in the same manner as other depreciable fixed assets.
Background image of page 1

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

View Full DocumentRight Arrow Icon
Correct Answer:
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 / 6

ACCT266 Public Admin Fund Accounting CH8 - Question 1 1 out...

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