6245357
Descrição
Quiz por Josh Rondestvedt, atualizado more than 1 year ago
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Criado por Josh Rondestvedt
aproximadamente 8 anos atrás
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Questão 1
Questão
What is the most significant single fund maintained by all state and local governments?
Responda
-
Special Revenue Fund
-
General Fund
-
Debt Service Fund
-
Permanent Fund
Questão 2
Questão
How many general funds does the government have?
Responda
-
1
-
2
-
3
-
4
Questão 3
Questão
Other than general purpose local governments, what is the largest local government?
Responda
-
Municipal ties
-
Special districts
-
Towns/townships
-
School districts
Questão 4
Questão
In accounting terms, what is the main goal of a government and NFP?
Responda
-
Maximize profit
-
Provide services
-
Provide jobs
-
Provide rules
Questão 5
Questão
What is the governments main source of revenue?
Responda
-
Voluntary taxes
-
Involuntary taxes
-
Foreign currency
-
Foreign aid
Questão 6
Questão
For the government, what is the most important financial document?
Responda
-
Annual Report
-
10-K
-
Budget report
-
Top Secret documents
Questão 7
Questão
State and local government are able to spend more money than the budget dictates.
Responda
- True
- False
Questão 8
Questão
In terms of ownership like owning a business, the Government has owners.
Responda
- True
- False
Questão 9
Questão
NFP are able to issue stocks in which four states?
Responda
-
Minnesota, Wisconsin, Michigan, Oregon
-
California, New York, Texas, Florida
-
Kansas, Michigan, Wisconsin, Pennsylvania
-
Kansas, New York, Michigan, California
Questão 10
Questão
In government accounting, the difference between assets and liabilities cannot be termed "stockholder's equity".
Responda
- True
- False
Questão 11
Questão
There are three primary standard-setting authorities. Who are they?
Responda
-
FASB, GASB, FASAB
-
GASB, FASB, AICPA
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GASB, AICPA, ACC
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SEC, FASB, GGG
Questão 12
Questão
Who are the 3 basic users of governmental accounting information?
Responda
-
Citizenry, Legislative and oversight boards, and Investors and Creditors
-
Citizenry, other governments, companies
-
Investors, Creditors, Corporations, Users
-
Oversight Boards, Investors, Foreign Governments
Questão 13
Questão
According to GASB, how many financial statements do governments need to prepare?
Responda
-
1
-
2
-
3
-
4
Questão 14
Questão
Government-Wide statements are presented on what type of basis?
Responda
-
Full accrual basis
-
Modified accrual basis
Questão 15
Questão
Government-wide statements do not include fiduciary funds.
Responda
- True
- False
Questão 16
Questão
In fund financial statements, what are the 3 main types?
Responda
-
Governmental, Proprietary, and Fiduciary funds
-
Governmental, Fiduciary, State funds
-
State funds, foreign, and Proprietary funds
-
Local, State, and Government funds
Questão 17
Questão
Governmental funds use:
Responda
-
Modified Accrual basis
-
Full Accrual basis
Questão 18
Questão
In government funds, the primary measurement focus is
Responda
-
Current financial resources
-
Long term resources
Questão 19
Questão
Proprietary and fiduciary funds use:
Responda
-
Modified Accrual basis
-
Full accrual basis
Questão 20
Questão
Government-Wide statements focus all economic resources of a government have a long term focus.
Responda
- True
- False
Questão 21
Questão
Governmental fund statements focus on short-term fiscal accountability.
Responda
- True
- False
Questão 22
Questão
A government can have several special revenue funds. Also, they are treated as a separate accounting entity.
Responda
- True
- False
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