Chapter 5 Homework
Adam Smith proposed that in our pursuit of economic interests we are led by
a. the moral compass within each of us.
b. an invisible hand to promote general good.
c. the trends of the economy.
d. our gut instincts.
A common point of cont
Governmental Activities, Government-wide Level
1) The governmental and business-like activities are reported in separate columns in the
two government-wide financial statements. (P. 36-37)
2) The assets and liabilities are reported on a
Step 1: Ethical Issue(s):
The ethical issue in this case is whether to promote an employee because of their seniority, create
inbreeding, or promote an employee because of nepotism. In chapter 8 it is said that seniority
within in a company is the length
Auditing Data Centers and
Since the first general-purpose electronic
computer (the Electronic Numerical
Integrator and Computer, or ENIAC) was
created in 1946, computer systems have
had specific environmental, power, and
Chapter 5 Homework
1. Special Revenue Fund:
Gain on Land
Other Financing Sources Donations
2. Government Activities:
Loss on Disposal of Machinery
CAFR Exercise Chapter 3
The city of Honolulu has complied with the GASB financial reporting model. (P. 78) The
statement of activities appears on two consecutive pages. (P. 52) The costliest governmental
function or program is the general governm
CAFR Exercise Chapter 2
Statement of Net Position and Statement of Activities.
Larger for business-type activities
Charges for Services, Operating Grants and Contributions, and Capital Grants and Contributions
Chapter 6 Homework
Legal paternalism is the doctrine that the law
a. may justifiably be used to restrict the freedom of individuals for their own good.
b. may justifiably forbid lawsuits against those who act paternalistically.
c. should encourage busines
The Robin Hood Organization is a single business organization. Single business organizations
are defined as having a head office followed immediately on the chart by the business functions.
In this case it is clear that this is a single busines