Questions from Accounting for Government and Non-Profit

Q: Choose the best answer. 1. Budgets of government entities

Choose the best answer. 1. Budgets of government entities: a. Are integrated with the financial accounting system. b. Enable governments to demonstrate compliance with laws and to communicate performa...

Q: The police chief of the Town of Meridian submitted the following budget

The police chief of the Town of Meridian submitted the following budget request for the police department for the forthcoming budget year 2017–18. Upon questioning by the newly a...

Q: The City of Manhattan, Kansas, prepares an annual Budget Book

The City of Manhattan, Kansas, prepares an annual Budget Book, a comprehensive document that includes a citywide budget, as well as departmental budgets. The city has received the GFOA Distinguished B...

Q: The City of Ashcroft has produced a Service Efforts and Accomplishments report

The City of Ashcroft has produced a Service Efforts and Accomplishments report for the past four years in an attempt to answer the question, “How are we doing?” fo...

Q: The midsize City of Orangeville funds an animal control program intended to

The midsize City of Orangeville funds an animal control program intended to minimize the danger stray dogs pose to people and property. The program is under scrutiny because of current budgetary const...

Q: You are a governmental accountant for a large municipality, and you

You are a governmental accountant for a large municipality, and you have recently been assigned to the budget office and charged with building a better budget document—one that will be of the highest...

Q: The Let’s Read organization is a public charity under IRC Sec.

The Let’s Read organization is a public charity under IRC Sec. 501(c)(3). It had total support of the following: United Way support………………………………………….$ 10,000 Grant from the state……………………………………………...

Q: The Silverton Symphony Orchestra Hall is a well-established not-

The Silverton Symphony Orchestra Hall is a well-established not-for-profit organization exempt under IRC Sec. 501(c)(3) that owns a facility that is home to the local symphony orchestra. Its mission i...

Q: Information from the 2012 Form 990 and the 2013 annual report for

Information from the 2012 Form 990 and the 2013 annual report for Feeding America , follows. Although the Form 990 indicates it is for 2012, it is actually for the period July 1, 2012, to June 30, 201...

Q: Choose the best answer. 1. The AICPA Audit and

Choose the best answer. 1. The AICPA Audit and Accounting Guide Health Care Entities is considered category b authoritative guidance that can be used by which of the following? a. A business-type gove...