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
Homework Answers
Answer- The correct option is c-Proprietary grants and contributions
All of the following are categories of program revenues reported on the statement of activities except proprietary grants and contributions
Add Answer to:
All of the following are categories of program revenues reported
on the statement of activities except:...
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.
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,...
11. Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes...
11. Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college? A) Reimbursement type grants are recorded as operating revenue when qualifying expenses are made. B) Auxiliary enterprise activities represent revenues and expenses related to units of the college that provide services to students on a user fee basis and is classified as operating revenue. C) Student financial aid is a revenue contra account D) All of the...
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...
Which of the following is accurate regarding a federal agency’s Statement of Net Costs? Multiple Choice...
Which of the following is accurate regarding a federal agency’s Statement of Net Costs? Multiple Choice Costs are reported within the broad categories of current, capital, and debt service. Both the statements "Costs are reported within the broad categories of current, capital, and debt service" and "It is similar in presentation to the GASB government-wide Statement of Activities in that earned revenues are subtracted from costs to determine the net cost of government services" are accurate. Neither the statement "Costs...
8. Which statement is incorrect with respect to prop A) The required financial statements of proprietary...
8. Which statement is incorrect with respect to prop A) The required financial statements of proprietary funds include a Stac Position, a Statement of Revenues, Expenses, and Changes in Fund Net Position, and a Statement of Cash Flows. B) The net position (i.e., fund equity) section of the Statement of Net Position is displayed within three categories: (1) Net Investment in Capital Assets, (2) Restricted, and (3) Unrestricted Net Position. C) The Statement of Cash Flows must be prepared using...
Problem 17-9(LO 3) Statement of activities. From the following information, prepare a statement of activities for...
Problem 17-9(LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June 30, 2019. Expenses General government Public works Culture and recreation $1,300,000 240,000 1,000,000 650,000 450,000 60,000 1,500,000 45,000 Revenues: Operating grant, public safety Charges for services, health and sanitation..... Operating grant, health and sanitation . …····.. . . . . . . . . … Charges for services, culture and recreation..... . .. . .. Charges for...
12. Which of the following is not true of a Statement of Activities prepared for a...
12. Which of the following is not true of a Statement of Activities prepared for a private college or university? A) Reimbursement type grants are recorded as operating revenue when qualifying expenses are made, not when the grant is approved. B) Reclassifications from temporarily restricted to unrestricted net assets are reported when the donor's restrictions have been met. C) Expenses may be unrestricted or temporarily restricted depending on donor intent. D) All of the above are true.
Changes in Net Position for a public college? A) State appropriations and Pell Grants are reported...
Changes in Net Position for a public college? A) State appropriations and Pell Grants are reported as operating revenue B) Revenues from residence halls, dining services and bookstores are reported as Auxiliary Enterprises - within operating revenue. C) Expenses associated with central management, planning and administration are classified as Institutional Support D) None of the above, these are all true. mecording the Statement of Revenues, Expenses, an
1.) Assume that an Enterprise Fund contributed $85,000 to the General Fund for operations. The money...
1.) Assume that an Enterprise Fund contributed $85,000 to the General Fund for operations. The money is not intended to be a loan. Which of the following statements is true? Select one: a. The Enterprise Fund will report capital contributions of $85,000. b. The Enterprise Fund will report expenses of $85,000. c. The Enterprise Fund will report other financing uses of $85,000 d. The Enterprise Fund will report advances of $85,000. e. The Enterprise Fund will report transfers out of...
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,...
11. Which of the following is not true regarding the Statement of Revenues, Expenses, and Changes in Net Position for a public college? A) Reimbursement type grants are recorded as operating revenue when qualifying expenses are made. B) Auxiliary enterprise activities represent revenues and expenses related to units of the college that provide services to students on a user fee basis and is classified as operating revenue. C) Student financial aid is a revenue contra account D) All of the...
8. Which statement is incorrect with respect to prop A) The required financial statements of proprietary funds include a Stac Position, a Statement of Revenues, Expenses, and Changes in Fund Net Position, and a Statement of Cash Flows. B) The net position (i.e., fund equity) section of the Statement of Net Position is displayed within three categories: (1) Net Investment in Capital Assets, (2) Restricted, and (3) Unrestricted Net Position. C) The Statement of Cash Flows must be prepared using...
Problem 17-9(LO 3) Statement of activities. From the following information, prepare a statement of activities for the city of Rose as of June 30, 2019. Expenses General government Public works Culture and recreation $1,300,000 240,000 1,000,000 650,000 450,000 60,000 1,500,000 45,000 Revenues: Operating grant, public safety Charges for services, health and sanitation..... Operating grant, health and sanitation . …····.. . . . . . . . . … Charges for services, culture and recreation..... . .. . .. Charges for...
12. Which of the following is not true of a Statement of Activities prepared for a private college or university? A) Reimbursement type grants are recorded as operating revenue when qualifying expenses are made, not when the grant is approved. B) Reclassifications from temporarily restricted to unrestricted net assets are reported when the donor's restrictions have been met. C) Expenses may be unrestricted or temporarily restricted depending on donor intent. D) All of the above are true.
Changes in Net Position for a public college? A) State appropriations and Pell Grants are reported as operating revenue B) Revenues from residence halls, dining services and bookstores are reported as Auxiliary Enterprises - within operating revenue. C) Expenses associated with central management, planning and administration are classified as Institutional Support D) None of the above, these are all true. mecording the Statement of Revenues, Expenses, an
Most questions answered within 3 hours.
-
After watching the lectures I am still having a hard time
understanding these equations.
1. The...
asked 43 minutes ago -
Testing:
H0:μ=56.9
H1:μ<56.9
Your sample consists of 23 subjects, with a mean of 56.3 and
standard...
asked 46 minutes ago -
straight wire, labeled as Wire A, lies horizontally on a
tabletop and is oriented to run...
asked 47 minutes ago -
For a Chi-Squared Goodness of Fit Test about a uniform
distribution, complete the table.
Round to...
asked 1 hour ago -
Milk of magnesia is only slightly soluble in water. Kc for the
reaction Mg(OHs)(s)>Mg2+(a) + 2OH-1(aq)...
asked 1 hour ago -
Excel's HYPGEOM.DIST function can be used to compute _____.
a. both hypergeometric probabilities and cumulative
hypergeometric...
asked 1 hour ago -
The rocket used for the human lunar missions was the Saturn V
rocket. At liftoff the...
asked 1 hour ago -
1. The East Street Bagel Shop has a weekly demand for 3,500
bagels, which they make...
asked 1 hour ago -
paraphrasing each paragraph
“Where two or more persons knowingly act together unlawfully,
the act of each...
asked 1 hour ago -
The lateral line system in fish is contained which of the
following?
chemoreceptors
photoreceptors
mechanoreceptors
odor...
asked 1 hour ago -
Find the y-intercept of y =-5 x. The y-intercept of y equals
negative 5 x is______...
asked 1 hour ago -
Customers arrive randomly at a gas station at the average rate
of 30 per hour, while...
asked 1 hour ago