Questions from Accounting for Government and Non-Profit

Q: What are the required financial statements of the U.S.

What are the required financial statements of the U.S. government?

Q: The 2015 financial statements of the U.S. government are

The 2015 financial statements of the U.S. government are available at: https://www.fiscal.treasury.gov/fsreports/rpt/finrep/fr/fr_index.htm Use these to answer the following questions: a. Statement...

Q: The 2012 financial statements of the Internal Revenue Service are available at

The 2012 financial statements of the Internal Revenue Service are available at: http://www.gao.gov/products/GAO-16-146 Use these to answer the following questions: a. Statement of Net Cost 1. What...

Q: Assume a federal agency has the following events: 1.

Assume a federal agency has the following events: 1. Receives a warrant from the Treasury notifying the agency of appropriations of $3,600,000. 2. OMB apportions one-fourth of the appropriation for...

Q: The Mosquito Abatement Commission is a newly organized federal agency with three

The Mosquito Abatement Commission is a newly organized federal agency with three primary programs: coordinating state government abatement functions, conducting research on mosquito abatement, and pro...

Q: The Budgetary Comparison Schedule for the City of Salem appears in Illustration

The Budgetary Comparison Schedule for the City of Salem appears in Illustration 2-16. Assume the general and subsidiary ledgers for the General Fund were lost after a water pipe burst. You are charged...

Q: Assume the Federal Interstate Commission began the fiscal year with the following

Assume the Federal Interstate Commission began the fiscal year with the following account balances: 1. Congress passed a spending bill providing $16,000,000 to fund the agency’s op...

Q: For each of the items below, identify which fund(s

For each of the items below, identify which fund(s) would be used to account for the item and provide a justification for your answer. a. A city government issued general obligation bonds to finance...

Q: The following water and sewer fund information is available for the preparation

The following water and sewer fund information is available for the preparation of the financial statements for the City of Western Sands for the year ended December 31, 2017: Operating revenues—char...

Q: Use the CAFR information for the City of Salem (Illustrations 2

Use the CAFR information for the City of Salem (Illustrations 2-2 through 2–16) to find the following items. Each item will appear in two separate financial statements. In your answe...