Questions from Accounting for Government and Non-Profit

Q: Use the data from Problem 17–17 for this assignment.

Use the data from Problem 17–17 for this assignment. In completing the assignment assume that all assets are entity assets, F und Balance with Treasury is an intra governmental asset, and all other a...

Q: The Rural Assistance Agency operates three major programs as responsibility centers—

The Rural Assistance Agency operates three major programs as responsibility centers—the Food Bank, Housing Services, and Credit Counseling. Clients pay a fee for services on a sliding scale based on i...

Q: The trial balance of the Federal Antiquities Administration, as of August

The trial balance of the Federal Antiquities Administration, as of August 31, 2017, follows: Required: Prepare a statement of budgetary resources for the 11 months ended August 31, 2017, assuming th...

Q: Congress authorized the Flood Control Commission to start operations on October 1

Congress authorized the Flood Control Commission to start operations on October 1, 2017. Required: a. Record the following transactions in general journal form as they should appear in the accounts o...

Q: The complexity and uniqueness of the federal government makes it difficult to

The complexity and uniqueness of the federal government makes it difficult to conduct a meaningful analysis of its financial condition. However, conducting a financial statement analysis does provide...

Q: Choose the best answer. 1. Jan and Dean decided

Choose the best answer. 1. Jan and Dean decided to form a charitable organization, I Love Rock N Rollers, to provide funding to assist former rock and roll group members who have become homeless. They...

Q: You work for an auditing firm that is performing a local government

You work for an auditing firm that is performing a local government audit. The government has received federal grant funding, and the audit manager on the engagement has asked you to perform the neces...

Q: Choose the best answer. 1. Evaluation of government financial

Choose the best answer. 1. Evaluation of government financial performance is important for which of the following reasons? a. Credit analysts use it to determine whether bonds should be issued. b. Inv...

Q: As part of your audit firm’s quality control policies, it maintains

As part of your audit firm’s quality control policies, it maintains a record of continuing profession education (CPE) taken by professional staff members. Following is information on some of the class...

Q: Indicate whether each of the following donated services situations would require a

Indicate whether each of the following donated services situations would require a journal entry for contribution revenue and a related expense or asset by circling Y for yes or N for no. Y N 1. Volun...