Questions from Accounting for Government and Non-Profit

Q: During 20Xl Luling Township engaged in the following transactions related to modernizing

During 20Xl Luling Township engaged in the following transactions related to modernizing the bridge over the Luling River. The township accounts for long-term construction projects in a capital projec...

Q: For each of the following indicate the fund (or funds),

For each of the following indicate the fund (or funds), if any, in which you think the activity should be accounted for and reported. If you think the fund should be a fiduciary fund, then indicate th...

Q: The data that follow were drawn from the city of Boulder,

The data that follow were drawn from the city of Boulder, Colorado's ACFR. They are from two statistical-section schedules showing the mix of revenue and expenditures for a 10-year period. They includ...

Q: The following information was taken from the ACFRs of two cities of

The following information was taken from the ACFRs of two cities of approximately the same size in the same state. 1. Compare the financial condition of the two cities based on the following indicator...

Q: Financial analysis of governments is not a static tool; rather,

Financial analysis of governments is not a static tool; rather, it changes as potential issues arise that may be of concern to analysts. Debt analysis, for example, traditionally focused on financial...

Q: In 20X0, the Northwest Ballet Association (NBA), a not

In 20X0, the Northwest Ballet Association (NBA), a not-forprofit performing arts organization, undertook a major capital campaign to fund a new theater, expected to cost $10 million. It was quickly ab...

Q: In December 20X0, the Consumer Association of America (CAA),

In December 20X0, the Consumer Association of America (CAA), a not-for-profit research organization, received a $6 million grant from the Sporting Goods Manufacturers Association (SGMA) to develop a f...

Q: The footnote in the financial statements of The Welfare Foundation contain the

The footnote in the financial statements of The Welfare Foundation contain the following note titled " Promises to Give": Unconditional promises to give were as follows at December 31: The discount ra...

Q: Review the financial statements of the March of Dimes for 2019 as

Review the financial statements of the March of Dimes for 2019 as presented in Table 12-8. 1. Comment as best you can ( even in the absence of guidelines as to what constitutes norms for comparable fo...

Q: A multi jund balance sheet can readily be recast so that it

A multi jund balance sheet can readily be recast so that it conforms with FASB standards. Recast the fund balance (net asset) section of the balance sheet so that it presents the fund balances in the...