010 correctanswers d 8 wher e i n the basi c f i nanci

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Unformatted text preview: i on Appr oach: $49; Modi f i ed Appr oach: $31 C) Depr eci ati on Appr oach: $31; Modi f i ed Appr oach: $31 D) Depr eci ati on Appr oach: $31; Modi f i ed Appr oach: $34 P oints Earned: 1.0/1.0 Correct Answer(s): D 8. Wher e i n the basi c f i nanci al statements, i n most cases, woul d one f i nd i nter nal ser vi ce acti vi ti es r epor ted A) In the pr opr i etar y f unds statements and i n the busi ness­type acti vi ti es col umn of the gover nment­wi de statements. B) In the gover nmental f unds statements and i n the gover nmental acti vi ti es col umn of the gover nment­wi de statements. C) In the gover nmental f unds statements and i n the busi ness­type acti vi ti es col umn of the gover nment­wi de statements. D) In the pr opr i etar y f unds statements and i n the gover nmental acti vi ti es col umn of the gover nment­wi de statements. P oints Earned: 1.0/1.0 Correct Answer(s): D 9. If an Inter nal Ser vi ce Fund has posi ti ve oper ati ng i ncome, the wor ksheet entr y to add the Inter nal Ser vi ce Fund to gover nmental acti vi ti es woul d i ncl ude a: A) Debi t to Tr ansf er s In B) Cr edi t to Net Assets C) Debi t to Expendi tur es/expense D) Cr edi t to Expendi tur es/expense P oints Earned: 1.0/1.0 Correct Answer(s): D 10. When conver ti ng f und f i nanci al r ecor ds to gover nment­wi de f i nanci al statements, wor ksheet entr i es ar e made to el i mi nate al l of the f ol l owi ng accounts expect: A) Capi tal Expendi tur es B) Bond Pr oceeds C) Pr i nci pal Repayment D) Wages Payabl e P oints Earned: 1.0/1.0 Correct Answer(s): D Continue...
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