Question 1 part 1

Per GASB pronouncements, information on service efforts and accomplishments.... a. Should be reported in the management's discussion and analysis b. Should be reported in the notes to the financial statements c. Should be reported as required supplementary information d. Need not be reported

Question 1 part 2

A university's department of accounting would likely consider the number of students successfully passing the CPA exam as an a. Outcome measure b. Output measure c. Input measure d. Efficiency measure

Question 1 part 3

Per GASB pronouncements, information on service efforts and accomplishments a. Should be reported in the management's discussion and analysis b. Should be reported in the notes to the financial statements c. Should be reported as required supplementary information d. Need not be reported

Question 1 part 4

A university's department of accounting would likely consider number of students successfully passing the CPA exam as an a. Outcome measure b. Output measure c. Input measure d. Efficiency measure

Question 1 Part 5

A primary disadvantage of preparing separate operating and capital budgets is: a. The distinction between a capital and an operating expenditure is often not clear. b. It increases the risk of violating the principle of interperiod equity. c. It risks overlooking the impact of capital expenditures on operating expenditures. d. It leads organizations to favor operating expenditures, which have an immediate payoff, over capital expenditures, which have a longterm payoff.

Problem 1 part 6

In selecting between two projects, both of which will provide the same noncash benefits (e.g., increasing firefighter response time) a. It is preferable to use the 30year Treasury rate as a discount rate. b. It would be inappropriate to use present value analysis. c. It is necessary to express the benefits in dollars, so that they can be compared to the costs. d. It is appropriate to select the project with the smallest net discounted cash outflow (costs).

Problem 1 part 7

In selecting between two projects, both of which will provide different noncash benefits (e.g., increasing firefighter response time or improving a fire prevention program) a. It is necessary (albeit difficult) to express the benefits in common terms (such as dollars), so that they can be compared to the costs. b. It would be inappropriate to use present value analysis. c. The dollar value of a human life should be based on the human value tables of the American Actuarial Society. d. The focus of analysis should be mainly upon costs, inasmuch as there is no reliable measure of benefits.

Thank you for any help anyone offers. I greatly appreciate it as I am struggling at this time.