1. Which of the following is a difference between financial reporting for internal service and
enterprise funds? (Points : 10)
Internal service funds are reported in the governmental fund financial statements.
Internal service funds are reported in the pr
Question 1.1. Extraordinary items and special items are reported (Points : 10)
With normal recurring general revenues.
As separate line items in the Function/Programs section of the statement of activities.
As separate line items below General Revenues in
Question 1. Which of the following distinguishes governments from nongovernmental notfor-profit organizations? (Points : 10)
Absence of profit motive.
The power to enact and enforce a tax levy.
Resource providers do not expect benefits proportional to the
Quizzes test #2
Travel Lines offered to sell 10 round-trip tickets to Elaine. Travel Lines
stated that the acceptance must be in writing by USPS next-day service.
Which of the following acceptances will create a c
Orson was fired from his job behind the ticket counter at the airport. He
was loudly told to put his personal belongings into a plastic bag and was
led out by security guards in front of his co-workers and custom
Which one of the following is an internal user of financial information?
Which of the following invests funds into a business and is considered an owner?
1. The Town of Ashland levied property taxes in the amount of $800,000. The town estimates
that 1 percent will be uncollectible. The journal entry to record the tax levy will include
(Points : 10)
A debit to Cash for $792,000.
A credit to Revenues for $79