ACCT 567 WEEK 7 HOMEWORK

Exercises 2—3 and 2—5. Cash collected and transferred in as follows: TCO E Which of the following resource inflows would be recorded as a revenue of a debt service fund? Elizabeth College, a small private college, had the following transactions in fiscal year Click Card to flip. Economic resources measurement focus and modified accrual basis of accounting.

Money received from rental of surplus office space. The basis of accounting used to report the actual column in the budgetary comparison schedule is prepared according to legal requirements for budget preparation even if it departs from GASB Statements. Budgetary Compliance The cost of government services Fiscal accountability 2. Use of this information for any commercial purpose, or by any commercial entity, is expressly prohibited. C The construction of a fire station addition. Which programs would be considered Type A programs and why? As an expenditure when payments are made.

Debt service funds are reported in the other governmental funds column in the governmental fund financial statements. Based on the information provided, which programs would you homewlrk for audit and why?

Click Card to flip. Flashcard Deck Information Class: TCO E Which of the following resource inflows would be recorded as a revenue of a debt service fund?

ACCT 567 Week 7 Homework Problems: 16-3,17-6

Governmental activities journal and depreciation on the capital assets should be recorded. Only after the work is completely finished for the project.

acct 567 week 7 homework

Both A and B would be accounted for in a capital projects fund. Use of this information for any commercial purpose, or by any commercial entity, is expressly prohibited.

  HILLIARD THARP TEAM G HOMEWORK

ACCT Principles of Accounting I Flash Cards: Koofers

Enterprise fund and depreciation on the capital assets should be recorded. TCO F Government units use which fund type to account for services provided to the general public on a user-fee basis? B The construction of a parking garage that is operated as an enterprise fund.

B A debit to the Reserve for Encumbrances Account. When authorized by the budget ordinance. Which programs would be considered Type A programs and why?

C A credit to the Reserve for Encumbrances Account. The basis of accounting used to report the actual column in the budgetary comparison schedule is prepared according to legal requirements for budget preparation even if it departs from GASB Statements.

Exercise 1—3 Chapter 2: GASB standards require governmental entities to present a comparison of budgeted and actual results for the General Fund and special revenue funds with legally adopted budgets.

acct 567 week 7 homework

Agency funds use the temporary accounts—Additions and Deductions. At what amount should the city record this donated property in the governmental activities accounts at the government-wide level? Why or why not? From the textbook, complete the following problems. Business-type activities journal but no depreciation on the capital assets should be recorded. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information: TCO E You are in a staff meeting with the city controller and one of your colleagues was quoted as follows: An investigation into whether a social service agency of a state government improved the lives of the clients.

  CLASS 6 HOLIDAY HOMEWORK DPS INDIRAPURAM

C The construction of a fire station addition.

acct 567 week 7 homework

Problems and, TCO E Which of the following projects would usually be accounted for in a capital projects fund? The General Fund of Middleville has presented you with the following trial balance as of June 30, Budgetary Compliance The cost of government services Fiscal accountability 2. Debt service funds are reported in the governmental activities column in the government-wide financial statements.

Budgetary accounts are required to appear in the general purpose financial statements.

To reimburse the county for estimated administrative expenses of operating the tax agency fund, the agency fund deducts 1 percent from the collections for the town, the school district, and the townships. If you found out that a new manager with no previous experience was now in charge of Program homeworkk, would your answer to part b change?

TCO C Comparisons of budgeted versus actual revenues and expenditures are a requirement of which of the following situations?