Keller Acct 567 Week 6 Quiz

KELLER ACCT 567 Week 6 Quiz

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1. Question : (TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?

2. Question : (TCO F) Government units use which fund type to account for services provided to the general public on a user-fee basis?

3 Question : (TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)

4. Question : (TCO H) Which of the following would be considered a performance audit under the Governmental Auditing Standards?

5. Question : (TCO J) Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?

6. Question : (TCO H) Which of the following would be considered “contribution revenue or support” of a not-for-profit organization?

7. Question : (TCO H) Describe the different types of governmental audits and attestation engagements.

8 Question (TCO F) Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information:

Question : (TCO F) Which of the following is a true statement regarding the cash flow statements of a proprietary fund?

4. Question : (TCO H) Public sector audits differ from those of commercial businesses in which of the following instances?