TEST BANK FOR ESSENTIALS OF ACCOUNTING FOR GOVERNMENTAL AND NOT FOR PROFIT ORGANIZATIONS 15TH EDITION BY Paul A. Copley FULLY COVERED A+ GUIDE NEWEST VERSION VERIFIED ANSWERS ACTUAL UPDATED PRACTICE QUESTIONS HIGH YIELD STUDY GUIDE GOVERNMENTAL ACCOUNTING

TEST BANK FOR ESSENTIALS OF
ACCOUNTING FOR
GOVERNMENTAL AND NOT FOR
PROFIT ORGANIZATIONS 15TH
EDITION BY Paul A. Copley FULLY
COVERED A+ GUIDE NEWEST
VERSION VERIFIED ANSWERS
ACTUAL UPDATED PRACTICE
QUESTIONS HIGH YIELD STUDY
GUIDE GOVERNMENTAL
ACCOUNTING EXAM PREPARATION
SUCCESS REVIEW




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Essentials of Accounting for
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,ESSENTIALSuOFuACCOUNTINGuFORuGOVERNMENTALuANDuNOT-FOR-
PROFITu ORGANIZATIONS,uTENTHuEDITION
PublishedubyuMcGraw-Hill/Irwin,uaubusinessuunituofuTheuMcGraw-
HilluCompanies,uInc.,u1221uAvenueu ofutheuAmericas,uNewuYork,uNY,u10020.uCopyrightu u2011ubyu
TheuMcGraw-HilluCompanies,uInc.uAll
rightsureserved.uPreviousueditionsu u2008,u2007uandu2004.uNoupartuofuthisupublicationumayubeureproduced
u orudistributeduinuanyuformuorubyuanyumeans,uorustoreduinuaudatabaseuoruretrievalusystem,uwithoututheuprio

ru writtenuconsentuofuTheuMcGraw-
HilluCompanies,uInc.,uincluding,ubutunotulimiteduto,uinuanyunetworkuoruotheru electronicustorageuorutransmis
sion,uorubroadcastuforudistanceulearning.
Someuancillaries,uincludinguelectronicuanduprintucomponents,umayunotubeuavailableutoucustomersuoutsideutheu
UniteduStates.
Thisubookuisuprinteduonuacid-freeupaper.
1u2u3u4u5u6u7u8u9u0uDOC/DOCu1u0u9u8u7u6u5u4u3u2u1u0
ISBNu978-0-07-3527055u
MHIDu 0-07-352705-X
ViceuPresidentuanduEditor-in-Chief:uMartinuLange
VPuSEM,uEDP,uCentraluPublishinguServices:uKimberlyuMeriwetheruDavid EditorialuDirector:uStewartuMattson

u Publisher:uTimuVertovec Apago Sponsor PDF Enhancer
u u u


inguEditor:uDonnauDillon
MarketinguManager:uDeanuKarampelasu
DevelopmentuEditor:uEmilyuHattebergu P
rojectuManager:uMelissauM.uLeicku Desig
nuCoordinator:uBrendauRolwes
CoveruDesigner:uStudiouMontage,uSt.uLouis,uMissouri
USEuCoveruImageuCredit:uEyewireu(Photodisc)/PunchStock
SenioruProductionuSupervisor:uLaurauFuller
MediauProjectuManager:uSureshuBabuu/uBalajiuSundararaman,uHurixuSystemsuPvt.uLtd.
Compositor:uMPSuLimited,uAuMacmillanuCompany
Typeface:u10.5/12ptuTimesuRoman
Printer:uR.uR.uDonnelley
Allucreditsuappearinguonupageuoruatutheuenduofutheubookuareuconsideredutoubeuanuextensionuofuthe
u copyrightupage.

LibraryuofuCongressuCataloging-in-PublicationuData
Copley,uPauluA.
Essentialsuofuaccountinguforugovernmentaluandunot-for-profituorganizationsu/uPauluA.uCopley.u—u10thued.
p.ucm.
Includesuindex.
ISBNu978-0-07-352705-5
1. Administrativeuagencies—UniteduStates—Accounting.u 2.u Nonprofituorganizations—UniteduStates— u
Accounting.u I.u Title.
HJ9801.H39u2011u 657'.8
3500973—dc22
2009054187
www.mhhe.com




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Preface
ThankuyouuforuconsideringutheutenthueditionuofuEssentialsuofuAccountinguforuGovernmenut
aluanduNot-for-
ProfituOrganizations.uTheutenthueditionuisuupdateduforurecentuchangesuincluding:
• GASBu Statementu 54:u Fundu Balanceu Reportingu andu Governmentalu Fundu Type
uDefinitions.


• FASBuStatementu164,uNot-foruProfituEntities:uMergersuanduAcquisitions.
• IRSuFormu990uReturnuofuOrganizationuExemptuFromuIncomeuTax.
Inuaddition,utheutextuincludesuaunewuchapteruonuFederaluGovernmentureporting.
Iuhaveuusedutheutextuwithustand-alone,uthreeusemester-
houruclasses,uwithuhalfsemesteruGNPucourses,uanduasuaumoduleuinuadvanceduaccountingucl
asses.uItuisuappropria
teuforuaccountingumajorsuoruasupartuofuaupublicuadministrationuprogram.uTheucoverageuisu
effec-utiveuinupreparingucandidatesuforutheuCPAuexamination.
Theufocusuofutheutextuisuonutheupreparationuofuexternalufinancialustatements.uAmongut
heumoreuchallenginguaspectsuofustateuandulocalugovernmentureportinguisutheupreparautionuo
fugovernment-
wideufinancialustatements.uOuruapproachuisusimilarutouthatuuseduinupractice.uSpecifically
,uday-to-

dayueventsuareurecordedApago at the fund PDF level using Enhance
u u u u u u u u



the basis of accountinr g for fund financi
u u u u u u


alustatements.uGovernmentaluactivitiesuareurecordeduusingutheumodifieduaccrualubasis.uT
heufund-
basisustatementsuareuthenuuseduasuinputuinutheupreparationuofugovernmentwideustatements.
uTheupreparationuofugovernment-

wideustateumentsuisupresenteduinuanuExceluworksheet.uThisuapproachuhasutwouadvantages:u
(1)uituisu
theuapproachumostucommonlyuapplieduinupractice,uandu(2)uituisuanuapproachufamiliarutous
tudentsuwhouhaveustudiedutheuprocessuofuconsolidationuinutheiruadvanceduaccountingucla
sses.uStateuandulocalugovernmentureportinguisuillustrateduusinguanuongoinguexampleuinte
grateduthroughoutuChaptersu2uthroughu8uandu13.
AdditionalufeaturesuofutheutextuareuavailableuonutheuinstructoruorustudentuWebusitesuand
uinclude:


• AucontinuousuhomeworkuproblemuthroughoutuChaptersu2uthroughu8uandu13.
• Instructor’suguide.
• Suggesteduquizuanduexaminationuquestionsuanduproblems.
• PowerPointuslides.
• Excel-baseduassignments.
• Anuadditionalupracticeuset.
IuthankuSandrauBitenc,uUniversityuofuTexas—
Arlington;uAngeleuBrill,uCastletonuStateuColulege;uRicharduC.uBrooks,uWestuVirginiauUni
versity;uBradleyuChilds,uBelmontuUniversity
;uDoriuDanko,uGranduValleyuStateuUniversity;uGertrudeuEguae-
Obazee,uAlbrightuCollege;uGladysu Gomez,u Universityu ofu Maryu Washington;u Marinau
Grau,u Houstonu Community




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