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11. Resources of an unrestricted fund that are designated by the governing board for endowment A) hospitals. B) other NNOs. C) voluntary health and welfare

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11. Resources of an unrestricted fund that are designated by the governing board for endowment A) hospitals. B) other NNOs. C) voluntary health and welfare organizations. D) colleges and universities. purposes are accounted for in the unrestricted fund by all NNOs EXCEPT: 12. Which basis of accounting should a voluntary health and welfare organization use? A) B) C) D) Accrual basis for all funds Cash basis for all funds Accrual basis for some funds and modified accrual basis for other funds Modified accrual basis for all funds 13. When the donor has specified a particular date or event after which the principal of the Endowment Fund may be expended, the Endowment Fund is referred to as a(n): A) quasi endowment fund. B) expendable endowment fund C) term endowment fund. D) pure endowment fund. 14. The "reserve for encumbrances-prior year" account represents amounts recorded by a governmental unit for A) unanticipated expenditures of the prior year that become evident in the current year B) excess expenditures in the prior year that will be offset against the current-year budgeted amounts. anticipated expenditures in the next year. expenditures for which purchase orders were made in the prior year but disbursement will be in the current year. C) D) 15. Revenues of a special revenue fund of a governmental unit should be recognized in the period in which the: A) cash is received B) revenues become available and measurable. C) revenues become available and appropriated D) revenues are billable

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