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