Question
Which of the following would NOT be classified as required supplementary information rsi? Question 1 options: 1) MD&A 2)Information about infrastructure condition (for governments that
Which of the following would NOT be classified as required supplementary information rsi?
Question 1 options:
1) MD&A
2)Information about infrastructure condition (for governments that do not depreciate infrastructure).
3)Information about infrastructure condition (for governments that do not depreciate infrastructure).
4)Multi-year schedule of funding progress for a governments pension plan.
Over the long run, internal service funds are intended to generate sufficient revenues to cover the
Question 12 options:
1)Full costs of providing services.
2)Full costs of providing services and earn a profit.
3)Current operating costs of providing services
4)Current operating costs of providing services and earn an operating profit.
Donor restrictions are only recognized when there is a specific purpose for the donated resources.
Question 20 options:
1)True
2)False
In accounting for closure and post-closure landfill costs in an enterprise fund, a government does not necessarily have to fund the costs during the landfills useful life; it merely has to report both an expense and a liability for them.
Question 23 options:
1)true
2)false
Daniel, an auditor, is performing a routine review of a not-for-profit hospital and notes the following account balances in the statement of activities for the fiscal year ending September 30, 2017:
What amount should the hospital report as net patient service revenue in its statement of activities for the fiscal year ending September 30, 2017?
Question 24 options:
1)$4,080,000
2)$4140000
3)$4030000
4)4410000
Cash flows from investing activities include which of the following as outflows
Question 25 options:
1) Repayments of short-term borrowing to finance operations,
2) Interest received on Investments
3)cash transfer to other funds
4)Purchase of short-term investments
In both the fund statements and the government-wide statements, business-type activities and internal service funds are on a full accrual basis, and their measurement focus is on all economic resources.
Question 38 options:
1)True
2)false
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