1. Which standard issued by the Governmental Accounting Standards Board in 1999 requires two distinct sets of financial statements for state and local governments?

A) GASB Statement No. 32

B) GASB Statement No. 33

C) GASB Statement No. 34

D) GASB Statement No. 35

E) GASB Statement No. 36

2. Which group of governmental financial statements reports all revenues and all costs of providing services each year?

A) GAAP-Based Financial Statements

B) Fund-Based Financial Statements

C) Cost-Based Financial Statements

D) Government-Wide Financial Statements

E) General Fund Financial Statements

3. Proprietary funds are

A) Funds used to account for the activities of a government that are carried out primarily to provide services to citizens

B) Funds used to account for a government's ongoing organizations and activities that are similar to those operated by for-profit organizations

C) Funds used to account for monies held by the government in a trustee capacity

D) Funds used to account for all financial resources except those required to be accounted for in another fund

E) Funds used to account for revenues that have been legally restricted as to expenditure

4. Fiduciary funds are

A) Funds used to account for the activities of a government that are carried out primarily to provide services to citizens

B) Funds used to account for a government's ongoing organizations and activities that are similar to those operated by for-profit organizations

C) Funds used to account for monies held by the government in a trustee capacity

D) Funds used to account for all financial resources except those required to be accounted for in another fund

E) Funds used to account for revenues that have been legally restricted as to expenditure.

5. The term "current financial resources" refers to

A) Those assets that can quickly be converted into cash

B) Monetary assets that are available to meet the government's needs

C) The government's current assets and current liabilities

D) The current value of all net assets owned by the governmental unit

E) Financial resources used to provide electricity to local citizens

6. Which group of financial statements is prepared using the "modified accrual accounting" approach?

A) GAAP-Based Financial Statements

B) Fund-Based Financial Statements

C) Cost-Based Financial Statements

D) Government-Wide Financial Statements

E) General Purpose Financial Statements

7. Under modified accrual accounting, when should an expenditure to recognize interest on long-term debt be recorded?

A) At the end of each accounting period

B) When payment is due within one fiscal year

C) When payment is due

D) When cash is available to pay the interest

E) When the interest is incurred

8. Revenue from property taxes should be recorded in the General Fund

A) when received

B) when there is an enforceable legal claim

C) when they are available for recognition

D) in the period for which they are required or permitted to be used

E) in the period in which the tax bills are mailed

9. A city received a grant of $5,000,000 from a private agency. The money was to be used to build a new city library. In which fund should the money be recorded for the Fund-Based Financial Statements?

A) The General Fund

B) An Expendable Trust Fund

C) A Capital Projects Fund

D) An Agency Fund

E) A Permanent Fund

10. For government-wide financial statements, what account is credited when a piece of equipment is leased on a capital lease?

A) Equipment - Capital Lease

B) Encumbrances - Long Term

C) Encumbrances - Lease Obligations

D) Capital Lease Obligation

E) The lease is not recorded

11. Jones College, a public institution of higher education, must prepare financial statements

A) As if the college was an enterprise fund

B) Following the same rules as state and local governments

C) According to GAAP

D) As if the college was a fiduciary fund

E) In the same manner as private colleges and universities

+ 1 42% 4:42 AM (o) Suggest a reason for blocking in this study. (e) Draw a diagram illustrating the field layout used in the trial. 3. A student is proposing to study the effects of hydrogels on the performance of tomato seedlings grown on the White Sand Soil. (a) Suggest an appropriate experimental design. (b) Suggest a treatment structure. (c) Write an appropriate null hypothesis. (d) Identify the target population. (e) Provide an outline of the ANOVA table. 4. You are interested in the response of two seeding rates of Minica 4 under four application rates of urea. The two seeding rates are 15cm and 30cm between plants. The four fertilizer rates are 0, 30, 60 and 120kg/ha. You will setup a trial using a suitable experimental design with three replicates. (a) Suggest an appropriate experimental design and justify your choice. (b) Provide the treatment design to be used. (c) Suggest an appropriate experimental design. (d) Write an appropriate null hypothesis. (c) Draw a diagram illustrating the field layout used in the trial. 5. A researcher wishes to compare the effectiveness of three domestic sanitizers on four different surfaces that are commonly found in homes. (a) Suggest an appropriate experimental design for the study13. Which shorthand label indicates an embedded design in mixed methods research? d. ( ) 14. Which design is most appropriate for a research study focused on understanding the educational barriers for foster care youth? a. participatory-social justice design b. experimental design c. evaluation design d. case study design 15. Which design is focused on exploring the success of a program, policy, or intervention? a. participatory-social justice design b. experimental design c. evaluation design d. case study design12/7 Practice Types of Experimental Design Worksheet For each experiment: identify experimental design, experimental units, factors & levels, response variable, and blocks (if any). 1. In marketing children's products, it's extremely important to produce television commercials that hold the attention of the children who view them. A psychologist hired by a marketing research firm wants to determine whether differences in attention span exist among advertisements for different types of products. Fifteen children under 10 years of age are randomly asked to watch one 60-second commercial for one of three types of products, and their attention spans are measured in seconds. Experimental Design: Experimental Units: Factor: Levels: Treatments: Response Variable: Blocks (if any): 2. Upon reconsidering the above problem, the psychologist decides that the age of the child may affect the attention span. Consequently, the psychologist randomly assigns fifteen 10-year-olds, fifteen 8-year-olds, fifteen 6-year-olds, and fifteen 4-year olds to watch one out of the three commercials, and their attention spans are measured. Experimental Design: Experimental Units: Factor: Levels: Treatments: Response Variable: Blocks (if any)