Questions from Accounting for Government and Non-Profit


Q: The City of Evansville operated a summer camp program for at-

The City of Evansville operated a summer camp program for at-risk youth. Businesses and nonprofit organizations sponsor one or more youth by paying the registration fee for program participants. The f...

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Q: The Town of Thomaston has a Solid Waste Landfill Enterprise Fund with

The Town of Thomaston has a Solid Waste Landfill Enterprise Fund with the following trial balance as of January 1, 2017, the first day of the fiscal year. During the year, the following transactions...

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Q: What accounting problem arises if an internal service fund is operated at

What accounting problem arises if an internal service fund is operated at a significant profit? What accounting problem arises if an internal service fund is operated at a significant loss?

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Q: Why might it be desirable to operate enterprise funds at a profit

Why might it be desirable to operate enterprise funds at a profit?

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Q: The Village of Seaside Pines prepared the following enterprise fund Trial Balance

The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal year. The enterprise fund was established this year through a tran...

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Q: Using the information provided in exercise 6–4, prepare the

Using the information provided in exercise 6–4, prepare the reconciliation of operating income to net cash provided by operating activities that would appear at the bottom of the December 31 Statement...

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Q: The Town of Weston has a Water Utility Fund with the following

The Town of Weston has a Water Utility Fund with the following trial balance as of July 1, 2016, the first day of the fiscal year: During the year ended June 30, 2017, the following transactions and...

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Q: The City of Sandwich purchased a swimming pool from a private operator

The City of Sandwich purchased a swimming pool from a private operator as of April 1, 2017, for $400,000, of which $200,000 was provided by a onetime contribution from the General Fund, and $200,000 w...

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Q: The Village of Parry reported the following for its Print Shop Fund

The Village of Parry reported the following for its Print Shop Fund for the year ended April 30, 2017. The Print Shop Fund records also revealed the following: The following balances were observed...

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Q: Accounting and financial reporting for state and local governments use, in

Accounting and financial reporting for state and local governments use, in different places, either the economic resources measurement focus and the accrual basis of accounting or the current financia...

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