The Appropriations account of a governmental fund is credited when: a. The budgetary accounts are closed b. The budget is recorded c. Supplies are purchased d. Expenditures are recorded 2:25 PM The following are the examples of not-for-profit organizations EXCEPT: a. Religious organizations b. Public colleges and universities c. Community service units d. Museums 2:26 PM An example of special purpose government is: a. Villages b. Cities c. Public Hospitals d. Townships 2:26 PM The basic financial statements of a state or local government include all of the following except: a. A MD&A. b. Government-wide financial statements. c. Fund financial statements. d. Notes to the financial statements. 2:26 PM Not for profit organizations' financial reporting should provide information useful in: a. Adequacy of systems and controls b. Making resource allocation decisions c. Budgetary integrity d. Operating performance 2:26 PM