ACC 410 WEEK 8 QUIZ 5
Course Government and Not-for-Profit
Test Week 8 Quiz 5
Started 8/25/18 11:32 PM
Submitted 8/26/18 1:19 AM
Due Date 8/27/18 9:00 AM
Status Completed
Attempt 42 out of 45 points
Score
Time 1 hour, 47 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 11. The last 7 questions
cover the material in Chapter 17. Be sure you are in the correct
Chapter when you take the quiz.
Results Submitted Answers, Correct Answers, Feedback
Displayed
Question 1
0 out of 3 points
A special-purpose government that engages in more than one program or
in both governmental-type and business-type programs
Selected
Answer: May combine fund and government-wide statements into a
single statement.
Correct
Answer:
Should prepare both government-wide and fund statements,
similar to those required of general-purpose governments.
Response That's not
Feedback:
correct
Question 2
3 out of 3 points
Which of the following is NOT a primary government?
Selected
Answer: A special-purpose local government whose tax levies must be
approved by the state.
Correct
Answer:
A special-purpose local government whose tax levies must be
approved by the state.
Response Good
Feedback:
work
Question 3
3 out of 3 points
, Government-wide financial statements include which of the following?
Selected
Answer:
Statement of net position and statement of
activities.
Correct
Answer: Statement of net position and statement of
activities.
Response Good
Feedback:
work
Question 4
3 out of 3 points
The city created a legally separate housing authority to provide low-
income housing to residents of the city. The city issues debt for the
housing authority in the name of the city, but the housing authority is
responsible for repayment of the debt. The housing authority is governed
by a board composed of all five members of the city council. The authority
can take action based on the affirmative vote of a simple majority of the
board. In what manner would the authority be included in the city's basic
financial statements?
Selected
Answer:
Blende
d.
Correct
Answer: Blende
d.
Response Good
Feedback:
work
Question 5
3 out of 3 points
The Marigold School District, a legally separate school district that has a
separately elected governing body, cannot enter into any debt
agreements without the approval of the county commission. Marigold
School District would be considered a(n):
Selected
Answer:
Component
unit.
Correct
Answer: Component
unit.
Response Good
Feedback:
Course Government and Not-for-Profit
Test Week 8 Quiz 5
Started 8/25/18 11:32 PM
Submitted 8/26/18 1:19 AM
Due Date 8/27/18 9:00 AM
Status Completed
Attempt 42 out of 45 points
Score
Time 1 hour, 47 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 11. The last 7 questions
cover the material in Chapter 17. Be sure you are in the correct
Chapter when you take the quiz.
Results Submitted Answers, Correct Answers, Feedback
Displayed
Question 1
0 out of 3 points
A special-purpose government that engages in more than one program or
in both governmental-type and business-type programs
Selected
Answer: May combine fund and government-wide statements into a
single statement.
Correct
Answer:
Should prepare both government-wide and fund statements,
similar to those required of general-purpose governments.
Response That's not
Feedback:
correct
Question 2
3 out of 3 points
Which of the following is NOT a primary government?
Selected
Answer: A special-purpose local government whose tax levies must be
approved by the state.
Correct
Answer:
A special-purpose local government whose tax levies must be
approved by the state.
Response Good
Feedback:
work
Question 3
3 out of 3 points
, Government-wide financial statements include which of the following?
Selected
Answer:
Statement of net position and statement of
activities.
Correct
Answer: Statement of net position and statement of
activities.
Response Good
Feedback:
work
Question 4
3 out of 3 points
The city created a legally separate housing authority to provide low-
income housing to residents of the city. The city issues debt for the
housing authority in the name of the city, but the housing authority is
responsible for repayment of the debt. The housing authority is governed
by a board composed of all five members of the city council. The authority
can take action based on the affirmative vote of a simple majority of the
board. In what manner would the authority be included in the city's basic
financial statements?
Selected
Answer:
Blende
d.
Correct
Answer: Blende
d.
Response Good
Feedback:
work
Question 5
3 out of 3 points
The Marigold School District, a legally separate school district that has a
separately elected governing body, cannot enter into any debt
agreements without the approval of the county commission. Marigold
School District would be considered a(n):
Selected
Answer:
Component
unit.
Correct
Answer: Component
unit.
Response Good
Feedback:
