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6. Cindy Duncan is a social worker on the staff of Military Family Center, a voluntary welfare organization. She earns $42,000 annually for a normal

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6. Cindy Duncan is a social worker on the staff of Military Family Center, a voluntary welfare organization. She earns $42,000 annually for a normal workload of 2.,000 hours. During 2017 she contributed an additional 800 hours of her time to Military Family Center at no extra charge. How much should Military Family Center record in 2017 as contributed service expense? A) $8,400 B) S16,800 C) $1,680 D) S0 7. Which of the following funds would account for operations that are financed and operated in a manner similar to private business enterprises? A) Special Revenue Fund B) Debt Service Fund C) Enterprise Fund D) Internal Service Fund 8The expendable fund entity's measurement focus is on: A) B) C) D) the flow of economic resources. the flow of revenue, expenses, and net income. the flow of current financial resources. none of these. 9. In accounting for expendable fund entities, revenue is ordinarily not recognized until it has been received in cash. it can be objectively measured and it is available to finance expenditures of the current period. a transaction has taken place and the earnings process is complete. none of these. A) B) C) D) An interfund transfer should be reported in a governmental fund operating statement as a(n) A) other financing source (use) B) revenue or expenditure C) due from (to) other funds D) none of these 10

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