ACCT 567 Week 5 Quiz

ACCT 567 Week 5 Quiz

1. (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?

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

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

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

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

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

8. (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: