The Government and Not-For-Profit Environment
TRUE/FALSE (CHAPTER 1)
F The main objective of a typical governmental or not-for-profit entity is to earn a profit.
T A governments budget may be backed by the force of law.
F Governmental e
Long-lived Assets and Investments in Marketable Securities
TRUE/FALSE (CHAPTER 7)
1. General capital assets are distinguished from the capital assets of proprietary funds and fiduciary funds.
2. General capital assets are excluded from governmen
TO THE NET
1. a. SIC 7370 Services Computer Programming, Data Processing, Etc.
b. Item 1 business
Google is a global technology leader focused on improving the ways people
connect with information.
Income from operations
Questions for Review and Discussion
1. Unlike businesses, governments have the power to tax and, at least in theory, their
available resources are limited only by the wealth of their constituents. At the
same time, governme