,DOWNLOADgTHEgTestgBankgforgAccountinggforgGovernmentalgandgNonprofitgEntit
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
CORRECTgANSWERSgAREgLOCATEDgATgTHEgSECONDgPARTgOFgTHISg
DOCUMENT
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Generalgpurposeggovernmentsggenerallygprovidegagwidergrangegofgservicesgtogthei
rgresidentsgthangdogspecialgpurposeggovernments.
1) g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemember
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngDifficultyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
2) Examplesgofggeneralgpurposeggovernmentsgincludegcities,gtowns,gandgindependentgpubli
cgschoolgdistricts.
2)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemember
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngDifficultyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
Versiong1 1
mynursytest.store
,DOWNLOADgTHEgTestgBankgforgAccountinggforgGovernmentalgandgNonprofitgEntit
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
3) ThegGovernmentalgAccountinggStandardsgBoardg(GASB)gisgthegbodygauthorizedgtog
establishgaccountinggprinciplesgforgallgstategandglocalggovernments,gbothggeneralgpurposegan
dgspecialgpurpose.
3)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
4) ThegGovernmentalgAccountinggStandardsgBoardg(GASB)gisgthegbodygauthorizedgt
ogestablishgaccountinggprinciplesgforgallggovernmentgentities.
4)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
5) ThegFinancialgAccountinggStandardsgBoardg(FASB)gisgthegbodygauthorizedgtogestablis
hgaccountinggprinciplesgforgallgcollegesgandguniversitiesgandghealthgcaregentities.
5)g
Versiong1 2
mynursytest.store
, DOWNLOADgTHEgTestgBankgforgAccountinggforgGovernmentalgandgNonprofitgEntit
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
6) Neitherggovernmentsgnorgnot-for-
profitgentitiesghavegresidualgequitygthatgcangbegdistributedgtogowners.
6)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngAccessibilityg:gKeyboar
dgNavigation
Accessibilityg:gScreengReadergCompatiblegAIC
PAg:gFNgReporting
Bloom'sg:gUnderstandgDifficul
tyg:g2gMedium
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
7) Agcharacteristicgcommongtoggovernmentsgandgnot-for-profitgorganizationsgisgthatgtheygdo
notgexistgtogprovideggoodsgorgservicesgatgagprofitgorgprofitgequivalent.
7)g
⊚ true
⊚ false
Versiong1 3
mynursytest.store
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
CORRECTgANSWERSgAREgLOCATEDgATgTHEgSECONDgPARTgOFgTHISg
DOCUMENT
TRUE/FALSEg-gWriteg'T'gifgthegstatementgisgtruegandg'F'gifgthegstatementgisgfalse.
1) Generalgpurposeggovernmentsggenerallygprovidegagwidergrangegofgservicesgtogthei
rgresidentsgthangdogspecialgpurposeggovernments.
1) g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemember
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngDifficultyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
2) Examplesgofggeneralgpurposeggovernmentsgincludegcities,gtowns,gandgindependentgpubli
cgschoolgdistricts.
2)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemember
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngDifficultyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
Versiong1 1
mynursytest.store
,DOWNLOADgTHEgTestgBankgforgAccountinggforgGovernmentalgandgNonprofitgEntit
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
3) ThegGovernmentalgAccountinggStandardsgBoardg(GASB)gisgthegbodygauthorizedgtog
establishgaccountinggprinciplesgforgallgstategandglocalggovernments,gbothggeneralgpurposegan
dgspecialgpurpose.
3)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
4) ThegGovernmentalgAccountinggStandardsgBoardg(GASB)gisgthegbodygauthorizedgt
ogestablishgaccountinggprinciplesgforgallggovernmentgentities.
4)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
5) ThegFinancialgAccountinggStandardsgBoardg(FASB)gisgthegbodygauthorizedgtogestablis
hgaccountinggprinciplesgforgallgcollegesgandguniversitiesgandghealthgcaregentities.
5)g
Versiong1 2
mynursytest.store
, DOWNLOADgTHEgTestgBankgforgAccountinggforgGovernmentalgandgNonprofitgEntit
iesg19thgEditiongReck
Accounting for Governmental and Nonprofit Entities 19th
g g g g g g
Edition by Reck CH01
g g g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
gAICPAg:gBBgIndustry
Bloom'sg:gRemembergDifficul
tyg:g1gEasy
Accessibilityg:gKeyboardgNavigationgAccessi
bilityg:gScreengReadergCompatible
LearninggObjectiveg:g01-
02gIdentifygthegauthoritativegbodiesgresponsiblegforgsettinggfinancialgreportgTopicg:gSourcesgofgFinanc
ialgReportinggStandards
Gradableg:gautomatic
6) Neitherggovernmentsgnorgnot-for-
profitgentitiesghavegresidualgequitygthatgcangbegdistributedgtogowners.
6)g
⊚ true
⊚ false
QuestiongDetails
AACSBg:gKnowledgegApplication
LearninggObjectiveg:g01-
01gIdentifygandgexplaingthegcharacteristicsgthatgdistinguishggovernmentgandgngAccessibilityg:gKeyboar
dgNavigation
Accessibilityg:gScreengReadergCompatiblegAIC
PAg:gFNgReporting
Bloom'sg:gUnderstandgDifficul
tyg:g2gMedium
Topicg:gDifferencesgBetweengGovernmentalgandgNot-for-
profitgOrganizationgGradableg:gautomatic
7) Agcharacteristicgcommongtoggovernmentsgandgnot-for-profitgorganizationsgisgthatgtheygdo
notgexistgtogprovideggoodsgorgservicesgatgagprofitgorgprofitgequivalent.
7)g
⊚ true
⊚ false
Versiong1 3
mynursytest.store
