1.	True or False	Not all transactions have a financial impact
2.	True or False	In-kind services are nice to receive but have not financial value and therefore, do not need to be recorded as a financial transactions
3.	True or False	Financial position has no correlation to the ability of an organization to accomplish it mission.
4.	True or False	GAAP and GASB have very specific rules that determine the basis for cost allocation
5.	True or False	The Chart of Accounts is uniform for all entities
6.	True or False	The budget resolutions adopted by congress allocates budget authority
7.	True or False	Sometimes there is a need to borrow and incur debt
8.	True or False	Budget Outlays identified by congress do not identify the amount of cash that will flow to federal agencies
9.	True or False	How we recognize transactions can have big impact on how an organization may perceive its financial strengths and weakness
10.	True or False	There is no legal or GAAP definition of financial standards
11.	True or False	The capital budget only deals with the main operations of a organization and not the long term large expenses such as infrastructure
12.	True or False	Cost and managerial accounting are not the same things
13.	True or False	Financial ratios and trends analysis starts with a review of an organizations financial statements
14.	True or False	Cost drivers are factors that affect the cost of an activity
15.	True or False	Tangible assets are recorded at historical cost or the price we paid for the asset