ACCT. FOR GOV.&NONPROF. ENTITIES>CUSTOM
ACCT. FOR GOV.&NONPROF. ENTITIES>CUSTOM
18th Edition
ISBN: 9781307515596
Author: RECK
Publisher: MCG/CREATE
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Chapter 2, Problem 18EP
To determine

Indicate the types of fund or characteristic for each category of fund or government-wide category.

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3. A government-wide statement of net position may include a column for each of the following except: A. business type activities B. component units C. governmental activities D. major funds 4.Which type of interfund transactions result in one fund reporting revenues? A. interfund advances B. interfund services provided and used C. reimbursements D. transfers
Which Statement is presented using the accrual basis of accounting? Multiple Choice A. Governmental Fund Balance Sheet B. Government-Wide Statement of Activities C. Statement of Revenues, Expenditure and changes in Fund Balances D. Both A and B choices are true.
For each of the following accounts indicate in which fund type it could be found. Select your answer from the following responses:   A.    Governmental funds only. B.    Proprietary funds only.       Bond Proceeds   Long Term liability for Compensated Absences   Deferred Inflows/Outflows of Resources   Taxes Receivable   Estimated Revenues     Operating Revenues
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