Nonprofit Accounting Chapter 2

Exercises

E2-1

1. Governmental-type

2. Business-type

3. Fiduciary-type

4. Fiduciary-type

5. Governmental-type

E2-2

1. Capital Projects, Current Financial Resources, Modified Accrual

2. Internal Service, Economic Resources, Accrual

3. Pension Trust, Economic Resources, Accrual

4. Agency, Economic Resources, Accrual

5. General, Current Financial Resources, Modified Accrual

E2-10

1. A) $600,000 B) $605,000

2. A) $10,000 B) $100,000

3. A) $13,000 B) $13,000

E2-11

1. Capital Projects

2. Capital Projects

3. General

4. Agency

5. Debt Service

6. Capital Projects

E2-16

1. EF

2. DSF

3. GF

4. ISF

5. SRF

6. CPF

7. EF

P2-3

1. Enterprise Fund because it is funded primarily by fees

2. General Fund because it is a day-to-day government activity

3. Investment Trust Fund because different governments are funding the project together

4. Special Revenue Fund because the 2% tax is going toward improving the area

P2-6

1. GF, PTF

2. EF, GF

3. ISF, EF

4. CPF, DSF

5. GF, CPF

6. GF, EF

P2-11

1. b

2. c

3. a

4. d

5. a

6. c

7. d

8. b

P2-13

1. d

2. a

3. a

4. a

5. c

6. b

7. b

8. b

P2-14

A) $3,160,000

B) $3,370,000

E2-1

6. Governmental-type

7. Business-type

8. Fiduciary-type

9. Fiduciary-type

10. Governmental-type

E2-2

6. Capital Projects, Current Financial Resources, Modified Accrual

7. Internal Service, Economic Resources, Accrual

8. Pension Trust, Economic Resources, Accrual

9. Agency, Economic Resources, Accrual

10. General, Current Financial Resources, Modified Accrual

E2-10

4. A) $600,000 B) $605,000

5. A) $10,000 B) $100,000

6. A) $13,000 B) $13,000

E2-11

7. Capital Projects

8. Capital Projects

9. General

10. Agency

11. Debt Service

12. Capital Projects

E2-16

8. EF

9. DSF

10....