DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
Student name:
b
TRUE/FALSEb-bWriteb'T'bifbthebstatementbisbtruebandb'F'bifbthebstatementbisbfalse.
1) AbComprehensivebAnnualbFinancialbReportb(CAFR)bwouldbincludebanbintroductoryb
section,bmanagement'sbdiscussionbandbanalysis,bbasicbfinancialbstatements,brequiredbsupple
mentarybinformationbotherbthanbMD&A,bcombiningbandbindividualbfundbstatements,bnarrati
vebexplanations,bandbstatisticalbsection.
⊚ true
⊚ false
2) ThebthreebmajorbsectionsbofbabCAFRbarebthebIntroductory,bFinancial,bandbStatisticalbs
ections.
⊚ true
⊚ false
3) ThebintroductorybandbstatisticalbsectionsbofbabCAFRbarebrequiredbtobbebaudited.
⊚ true
⊚ false
4) StatebandblocalbgovernmentsbarebnotbrequiredbtobpreparebabCAFR.
⊚ true
⊚ false
5) Combiningbstatementsbarebrequiredbwheneverbabnon-
majorbcolumnbisbusedbinbonebofbthebfundbfinancialbstatements.
⊚ true
⊚ false
6) AbcompletebCAFRbincludesbcombiningbfinancialbstatementsbtobreflectbgreaterbdetailbofb
nonmajorbfunds.
⊚ true
⊚ false
Versionb1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
7) Inbadditionbtobthebgovernment-
widebstatements,bgovernmentsbarebrequiredbtobpreparebfundbfinancialbstatementsbforbgovernmental,
bproprietarybandbfiduciarybfunds.
⊚ true
⊚ false
8) Inbadditionbtobthebgovernment-
widebstatements,bgovernmentsbarebrequiredbtobpreparebfundbfinancialbstatementsbforbgovernmentalb
fundsbonly.
⊚ true
⊚ false
9) ThebGeneralbFundbisbnotbalwaysbconsideredbtobbebabmajorbfundbwhenbpreparingbfundbbasisbfi
nancialbstatements.
⊚ true
⊚ false
10) Withbrespectbtobfundbbasisbfinancialbstatements,bgovernmentalbfundsbarebconsideredbtobbeba
bmajorbfundbwhenbtotalbassets,bliabilities,brevenuesbandbexpenditures bcombinedbarebatbleast b10%bof
bthebtotalbforbthebgovernmentalbfundsbcategory.
⊚ true
⊚ false
11) Withbrespectbtobfundbbasisbfinancialbstatements,babgovernmentbmaybonlybdesignatebabfundbt
obbebabmajorbfundbifbitbmeetsbthebsizebthresholdsbestablishedbbybGASB.
⊚ true
⊚ false
12) Withbrespectbtobfundbbasisbfinancialbstatements,babgovernmentbmaybdesignatebanybfundbtobb
ebabmajorbfundbifbreportingbthatbfundbseparatelybwouldbbebuseful.
Versionb1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
⊚ true
⊚ false
13) Whenbpreparingbfundbbasisbfinancialbstatements,bfundsbnotbreportedbseparatelybareb
aggregatedbandbreportedbinbabsinglebcolumnbunderbtheblabelbnonmajorbfunds.
⊚ true
⊚ false
14) Whenbpreparingbfundbbasisbfinancialbstatements,bfundsbnotbreportedbseparatelybarebr
eportedbindividuallybbybfunction.
⊚ true
⊚ false
15) Fiduciarybfundbstatementsbarebpreparedbusingbthebcurrentbfinancialbresourcesbmeasurementbf
ocusbandbmodifiedbaccrualbbasisbofbaccounting.
⊚ true
⊚ false
16) Governmentalbfundbstatementsbarebpreparedbusingbthebeconomicbfinancialbresourcesb
measurementbfocusbandbmodifiedbaccrualbbasisbofbaccounting.
⊚ true
⊚ false
17) AccordingbtobthebGASB,babprimarybgovernmentbcanbonlybbebabstateborbabgeneral-
purposeblocalbgovernment,bsuchbasbabcityborbcounty.
⊚ true
⊚ false
18) Blendingbofbfinancialbinformationbisbdonebwhenbcomponentbunitsbandbthebprimaryb
governmentbarebsobintertwinedbthatbtheybarebessentiallybthebsame.
Versionb1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
⊚ true
⊚ false
19) ThebstatisticalbsectionbofbthebCAFRbcontainsbthebcombiningbschedulesbofbnon-
majorbfunds.
⊚ true
⊚ false
20) Thebgovernment-
widebfinancialbstatementsbpresentbthebgovernmentbasbabwhole,bincludingbcomponentbunitsbandbfidu
ciarybactivities.
⊚ true
⊚ false
21) ThebbasicbfinancialbstatementsbofbabstateborblocalbgovernmentalbunitbincludebthebMD&A,bg
overnment-widebstatements,bfundbstatements,bandbthebnotes.
⊚ true
⊚ false
22) Governmental-
typebfundbfinancialbstatementsbincludebthebBalancebSheetbandbthebStatementbofbRevenues,bEx
penditures,bChangesbinbFundbBalances,bandbabStatementbofbCashbFlows.
⊚ true
⊚ false
23) Governmental-typebfundbfinancialbstatementsbdobnotbincludebabStatementbofbCashbFlows.
⊚ true
⊚ false
24) GovernmentalbfundbfinancialbstatementsbincludebcolumnsbforbthebGeneralbFundbandballb
otherb"major"bgovernmentalbfunds.
Versionb1 4
mynursytest.store
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
Student name:
b
TRUE/FALSEb-bWriteb'T'bifbthebstatementbisbtruebandb'F'bifbthebstatementbisbfalse.
1) AbComprehensivebAnnualbFinancialbReportb(CAFR)bwouldbincludebanbintroductoryb
section,bmanagement'sbdiscussionbandbanalysis,bbasicbfinancialbstatements,brequiredbsupple
mentarybinformationbotherbthanbMD&A,bcombiningbandbindividualbfundbstatements,bnarrati
vebexplanations,bandbstatisticalbsection.
⊚ true
⊚ false
2) ThebthreebmajorbsectionsbofbabCAFRbarebthebIntroductory,bFinancial,bandbStatisticalbs
ections.
⊚ true
⊚ false
3) ThebintroductorybandbstatisticalbsectionsbofbabCAFRbarebrequiredbtobbebaudited.
⊚ true
⊚ false
4) StatebandblocalbgovernmentsbarebnotbrequiredbtobpreparebabCAFR.
⊚ true
⊚ false
5) Combiningbstatementsbarebrequiredbwheneverbabnon-
majorbcolumnbisbusedbinbonebofbthebfundbfinancialbstatements.
⊚ true
⊚ false
6) AbcompletebCAFRbincludesbcombiningbfinancialbstatementsbtobreflectbgreaterbdetailbofb
nonmajorbfunds.
⊚ true
⊚ false
Versionb1 1
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
7) Inbadditionbtobthebgovernment-
widebstatements,bgovernmentsbarebrequiredbtobpreparebfundbfinancialbstatementsbforbgovernmental,
bproprietarybandbfiduciarybfunds.
⊚ true
⊚ false
8) Inbadditionbtobthebgovernment-
widebstatements,bgovernmentsbarebrequiredbtobpreparebfundbfinancialbstatementsbforbgovernmentalb
fundsbonly.
⊚ true
⊚ false
9) ThebGeneralbFundbisbnotbalwaysbconsideredbtobbebabmajorbfundbwhenbpreparingbfundbbasisbfi
nancialbstatements.
⊚ true
⊚ false
10) Withbrespectbtobfundbbasisbfinancialbstatements,bgovernmentalbfundsbarebconsideredbtobbeba
bmajorbfundbwhenbtotalbassets,bliabilities,brevenuesbandbexpenditures bcombinedbarebatbleast b10%bof
bthebtotalbforbthebgovernmentalbfundsbcategory.
⊚ true
⊚ false
11) Withbrespectbtobfundbbasisbfinancialbstatements,babgovernmentbmaybonlybdesignatebabfundbt
obbebabmajorbfundbifbitbmeetsbthebsizebthresholdsbestablishedbbybGASB.
⊚ true
⊚ false
12) Withbrespectbtobfundbbasisbfinancialbstatements,babgovernmentbmaybdesignatebanybfundbtobb
ebabmajorbfundbifbreportingbthatbfundbseparatelybwouldbbebuseful.
Versionb1 2
mynursytest.store
,DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
⊚ true
⊚ false
13) Whenbpreparingbfundbbasisbfinancialbstatements,bfundsbnotbreportedbseparatelybareb
aggregatedbandbreportedbinbabsinglebcolumnbunderbtheblabelbnonmajorbfunds.
⊚ true
⊚ false
14) Whenbpreparingbfundbbasisbfinancialbstatements,bfundsbnotbreportedbseparatelybarebr
eportedbindividuallybbybfunction.
⊚ true
⊚ false
15) Fiduciarybfundbstatementsbarebpreparedbusingbthebcurrentbfinancialbresourcesbmeasurementbf
ocusbandbmodifiedbaccrualbbasisbofbaccounting.
⊚ true
⊚ false
16) Governmentalbfundbstatementsbarebpreparedbusingbthebeconomicbfinancialbresourcesb
measurementbfocusbandbmodifiedbaccrualbbasisbofbaccounting.
⊚ true
⊚ false
17) AccordingbtobthebGASB,babprimarybgovernmentbcanbonlybbebabstateborbabgeneral-
purposeblocalbgovernment,bsuchbasbabcityborbcounty.
⊚ true
⊚ false
18) Blendingbofbfinancialbinformationbisbdonebwhenbcomponentbunitsbandbthebprimaryb
governmentbarebsobintertwinedbthatbtheybarebessentiallybthebsame.
Versionb1 3
mynursytest.store
, DOWNLOAD THE Test Bank for Essentials of Accounting for Governmental and No
b b b b b b b b b b b
t-for-Profit Organizations 14th Edition Copley
b b b b
⊚ true
⊚ false
19) ThebstatisticalbsectionbofbthebCAFRbcontainsbthebcombiningbschedulesbofbnon-
majorbfunds.
⊚ true
⊚ false
20) Thebgovernment-
widebfinancialbstatementsbpresentbthebgovernmentbasbabwhole,bincludingbcomponentbunitsbandbfidu
ciarybactivities.
⊚ true
⊚ false
21) ThebbasicbfinancialbstatementsbofbabstateborblocalbgovernmentalbunitbincludebthebMD&A,bg
overnment-widebstatements,bfundbstatements,bandbthebnotes.
⊚ true
⊚ false
22) Governmental-
typebfundbfinancialbstatementsbincludebthebBalancebSheetbandbthebStatementbofbRevenues,bEx
penditures,bChangesbinbFundbBalances,bandbabStatementbofbCashbFlows.
⊚ true
⊚ false
23) Governmental-typebfundbfinancialbstatementsbdobnotbincludebabStatementbofbCashbFlows.
⊚ true
⊚ false
24) GovernmentalbfundbfinancialbstatementsbincludebcolumnsbforbthebGeneralbFundbandballb
otherb"major"bgovernmentalbfunds.
Versionb1 4
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