1. The government-wide statement of activities should report which of the following categories of program revenues?...
1. The government-wide statement of activities should report which of the following categories of program revenues?
I. Taxes and unrestricted grants.
II. Charges for services.
III. Program-specific restricted capital grants and contributions.
A. I only.
B. II and III only.
C. I and III only.
D. I, II and III.
2. The governmental funds operating statement presents all of the following except
A. Revenues.
B. Other financing sources.
C. Expenses.
D. Expenditures.
Homework Answers
question 1
sol- option B II and III only
charges for services and program-specific restricted capital grants and contributions.
Add Answer to:
1. The government-wide statement of activities should report
which of the following categories of program revenues?...
All of the following are categories of program revenues reported on the statement of activities except:...
All of the following are categories of program revenues reported on the statement of activities except: a) Capital grants and contributions b) Operating grants and contributions c) Proprietary grants and contributions d) Charges for services
Please show all work for the (partial) statement of activities. This problem is confusing and I...
Please show all work for the
(partial) statement of activities. This problem is confusing and I
got some of the parts correct I think. Thanks.
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that beginning net position is $1,693 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity,...
Below is a list of various governmental accounting terms and concepts. Match the letter next to...
Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue e. Fiscal Accountability f. Internal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues, Expenditures and Changes in Fund Balances j. Statement of Net Position k. General Revenues l. Balance Sheet m. Operational Accountability...
Below is a list of various governmental accounting terms and concepts. Match the letter next to t...
Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue e. Fiscal Accountability f. Intemal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues. Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues 1. Balance Sheet m. Appropriations n....
Statement preparation-General Fund Using the following data, prepare a statement of revenues, expenditures, and changes in...
Statement preparation-General Fund Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jasmin City for the year ended December 31, 2019. Miscellaneous revenues $ 180,000 Licenses and permits revenues 1,000,000 Education program expenditures 2,000,000 Public safety expenditures 4,000,000 Transfers to other funds 1,500,000 Property tax revenues 7,000,000 State and federal grants 2,000,000 Parks program expenditures 750,000 Highways program expenditures 900,000 Transfers from other funds 700,000 Fund balance at beginning...
Reporting reconciliation between fund and government-wide financial statements Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its go...
Reporting reconciliation between fund and government-wide financial statements Sai-Tu Village reported outstanding long-term bonds payable of $6,000,000 in the governmental activities column of its government-wide statement of net position for the year ended December 31, 2019. During 2020, Sai-Tu Village sold $500,000 of new general obligation bonds and repaid $300,000 of bonds outstanding at the beginning of the year. Based on this information, determine the reconciliation amounts reported in the two funds’ financial statements to the two government-wide financial statements....
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the...
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one (1) choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue c. Fiscal Accountability f. Internal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues, Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues...
CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues...
CITY OF NORTHERN PINES Statement of Activities For the Year Ended June 30, 2020 Program Revenues Net (Expense) Revenue and Change in Net Position Functions/Programs Expenses Charges for Services Operating Grants Governmental Activities Business-Type Activities Total Governmental Activities: General Government $9,540,000 $1,091,000 $(8,449,000) $(8,449,000) Culture and Recreation 4,128,000 2,160,000 (1,968,000) (1,968,000) Health and Sanitation 6,107,000 2,511,000 1,189,000 (2,407,000) (2,407,000) Public Safety 22,620,000 1,190,000 686,000 (20,744,000) (20,744,000) Public Works 11,988,000 (11,988,000) (11,988,000) Interest on Long-Term Debt 1,004,000 (1,004,000) (1,004,000) 0 Total...
In a nonprofit, nongovernmental hospital, courtesy allowances are charity care services. revenue deductions. expenses. revenues earned...
In a nonprofit, nongovernmental hospital, courtesy allowances are charity care services. revenue deductions. expenses. revenues earned even if the standard charge is above or below the allowance. 3.75 points QUESTION 3 The key focus of government fund accounting concerns the current ability to provide and fund services and goods. capital expenditures. income measurement. intergovernmental transfers from the general fund. 3.75 points QUESTION 4 Voluntary health and welfare organizations are supported by, and provide voluntary services to, the public....
Directions: Select the best answer for the following multiple choice questions. 1. Which of the f...
Directions: Select the best answer for the following multiple choice questions. 1. Which of the following is not part of the basic financial statements? a. Governmental funds statement of revenues, expenditures, and changes in fund balances. b. Budgetary comparison schedules - general and special revenue funds. c. Government-wide statements of activities. d. Notes to the financial statements. 2. Which statement is true regarding the "major" funds? a. The general fund is considered major if it is large enough. b. Other...
Please show all work for the
(partial) statement of activities. This problem is confusing and I
got some of the parts correct I think. Thanks.
The following alphabetic listing displays selected balances in the governmental activities accounts of Westover Village as of its June 30 fiscal year-end. Assume that beginning net position is $1,693 (in thousands) and that there were no changes in net position during the year other than those reflected in the selected account balances shown. For simplicity,...
Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue e. Fiscal Accountability f. Intemal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues. Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues 1. Balance Sheet m. Appropriations n....
Statement preparation-General Fund Using the following data, prepare a statement of revenues, expenditures, and changes in fund balance for the General Fund of Jasmin City for the year ended December 31, 2019. Miscellaneous revenues $ 180,000 Licenses and permits revenues 1,000,000 Education program expenditures 2,000,000 Public safety expenditures 4,000,000 Transfers to other funds 1,500,000 Property tax revenues 7,000,000 State and federal grants 2,000,000 Parks program expenditures 750,000 Highways program expenditures 900,000 Transfers from other funds 700,000 Fund balance at beginning...
Problem IV. (10 points possible). Below is a list of various governmental accounting terms and concepts. Match the letter next to the choices in the space provided below. There is only one (1) choice per item. a. Debt Services Fund b. Intra-period Equity c. Encumbrances d. Imposed Non-exchange Revenue c. Fiscal Accountability f. Internal Services Fund g. Enterprise Fund h. Agency Fund i. Statement of Revenues, Expenditures and Changes in Fund Balance j. Statement of Net Position k. General Revenues...
Most questions answered within 3 hours.
-
find the critical value associated with a right sided hypothesis of
the mean using a sample...
asked 1 hour ago -
Which of the following statements is true with respect to a
simple linear regression model?
a....
asked 1 hour ago -
The energy required to remove an electron from a surface of a
solid element is called...
asked 3 hours ago -
How would you train your employees to avoid risks of using
mobile devices?
asked 3 hours ago -
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 4 hours ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 5 hours ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 5 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 7 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 7 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 8 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 10 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 10 hours ago