C both of the above d nei ther of the above p

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Unformatted text preview: unds statements ar e enter ed di r ectl y to the busi ness­type acti vi ti es secti ons of the gover nment­wi de statements wi thout adjustment. B) Gover nment­wi de statements ar e consol i dated, wi thi n col umns. C) Both of the above. D) Nei ther of the above. P oints Earned: 1.0/1.0 Correct Answer(s): C 5. A gover nment r epor ted another f i nanci ng sour ce i n the amount of $600,000 r el ated to the sal e of l and i n i ts gover nmental f unds Statement of Revenues, Expendi tur es, and Changes i n Fund Bal ances. The l and had a cost of $170,000. The amount that woul d be r epor ted i n the gover nment­ wi de Statement of Acti vi ti es woul d be A) a gai n of $ 770,000. B) a gai n of $ 600,000. C) a gai n of $ 430,000 D) a gai n of $ 170,000 P oints Earned: 1.0/1.0 Correct Answer(s): C 6. A gover nment's Statement of Revenues, Expendi tur es, and Changes i n Fund Bal ances r epor ted pr oceeds...
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This note was uploaded on 09/10/2013 for the course ACNT 2330 taught by Professor Corn during the Spring '13 term at Lone Star College System.

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