ACC 410 WEEK 7 QUIZ 4
Course Government and Not-for-Profit
Test Week 7 Quiz 4
Started 8/19/18 10:33 PM
Submitted 8/19/18 11:40 PM
Due Date 8/20/18 9:00 AM
Status Completed
Attempt 42 out of 45 points
Score
Time 1 hour, 7 minutes out of 3 hours
Elapsed
Instruction This quiz consists of 15 multiple choice questions. The first 8
s
questions cover the material in Chapter 9. The last 7 questions
cover the material in Chapter 10. Be sure you are in the correct
Chapter when you take the quiz.
Results Submitted Answers, Correct Answers, Feedback
Displayed
Question 1
3 out of 3 points
Which of the following is not a proprietary fund?
Selected
Answer: City Hall Capital Projects
Fund.
Correct
Answer:
City Hall Capital Projects
Fund.
Response Good
Feedback:
work
Question 2
3 out of 3 points
The appropriate measurement focus for the business-type activities of the
Raymond City is
Selected
Answer: Economic
resources.
Correct
Answer:
Economic
resources.
Response Good
Feedback:
work
Question 3
3 out of 3 points
, Which of the following entities is required to use the direct method to
report its cash flows?
Selected
Answer:
City of Gaston Utility
Fund.
Correct
Answer: City of Gaston Utility
Fund.
Response Good
Feedback:
work
Question 4
3 out of 3 points
"Cash flows from operating activities" include which of the following as
inflows
Selected
Answer:
Any cash receipt that does not meet the definition of investing,
capital and related financing, or noncapital financing activities.
Correct
Answer: Any cash receipt that does not meet the definition of investing,
capital and related financing, or noncapital financing activities.
Response Good
Feedback:
work
Question 5
0 out of 3 points
A government reports the utility services it provides to citizens in a
proprietary fund. Which accounting standards must the proprietary fund
apply?
Selected
Answer:
All FASB pronouncements issued prior to November 30, 1989, as
well as any post-November 30, 1989 pronouncements
specifically adopted by GASB.
Correct
Answer: All FASB and AICPA standards incorporated into GASB Statement
No. 62, as well as any FASB pronouncements issued after
November 30, 1989 that have been specifically adopted by the
GASB.
Response That's not
Feedback:
correct
Question 6
3 out of 3 points
Course Government and Not-for-Profit
Test Week 7 Quiz 4
Started 8/19/18 10:33 PM
Submitted 8/19/18 11:40 PM
Due Date 8/20/18 9:00 AM
Status Completed
Attempt 42 out of 45 points
Score
Time 1 hour, 7 minutes out of 3 hours
Elapsed
Instruction This quiz consists of 15 multiple choice questions. The first 8
s
questions cover the material in Chapter 9. The last 7 questions
cover the material in Chapter 10. Be sure you are in the correct
Chapter when you take the quiz.
Results Submitted Answers, Correct Answers, Feedback
Displayed
Question 1
3 out of 3 points
Which of the following is not a proprietary fund?
Selected
Answer: City Hall Capital Projects
Fund.
Correct
Answer:
City Hall Capital Projects
Fund.
Response Good
Feedback:
work
Question 2
3 out of 3 points
The appropriate measurement focus for the business-type activities of the
Raymond City is
Selected
Answer: Economic
resources.
Correct
Answer:
Economic
resources.
Response Good
Feedback:
work
Question 3
3 out of 3 points
, Which of the following entities is required to use the direct method to
report its cash flows?
Selected
Answer:
City of Gaston Utility
Fund.
Correct
Answer: City of Gaston Utility
Fund.
Response Good
Feedback:
work
Question 4
3 out of 3 points
"Cash flows from operating activities" include which of the following as
inflows
Selected
Answer:
Any cash receipt that does not meet the definition of investing,
capital and related financing, or noncapital financing activities.
Correct
Answer: Any cash receipt that does not meet the definition of investing,
capital and related financing, or noncapital financing activities.
Response Good
Feedback:
work
Question 5
0 out of 3 points
A government reports the utility services it provides to citizens in a
proprietary fund. Which accounting standards must the proprietary fund
apply?
Selected
Answer:
All FASB pronouncements issued prior to November 30, 1989, as
well as any post-November 30, 1989 pronouncements
specifically adopted by GASB.
Correct
Answer: All FASB and AICPA standards incorporated into GASB Statement
No. 62, as well as any FASB pronouncements issued after
November 30, 1989 that have been specifically adopted by the
GASB.
Response That's not
Feedback:
correct
Question 6
3 out of 3 points
