Questions from Accounting for Government and Non-Profit


Q: Did the government receive any funding for SNAP or any other Federal

Did the government receive any funding for SNAP or any other Federal programs? Explain with details.

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Q: Central School District is awarded a $400,000 federal grant

Central School District is awarded a $400,000 federal grant to implement and test a new way of teaching middle school math. The award stipulates that the district must provide a 20 percent match. a. I...

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Q: A separate column to report the variance between the final budget and

A separate column to report the variance between the final budget and actual amounts is encouraged but not required. Governments may also report the variance between original and final budget amounts....

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Q: The city of Carlasville imposes a one percent sales tax in addition

The city of Carlasville imposes a one percent sales tax in addition to that levied by the state. The state, however, collects the tax on behalf of the city. The state typically does not notify the cit...

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Q: According to the GASB, "Financial statements for governmental funds should

According to the GASB, "Financial statements for governmental funds should be presented using the current financial resources measurement focus and the modified accrual basis of accounting." Financial...

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Q: You are the auditor of a state. The state made a

You are the auditor of a state. The state made a $10 million grant to a city. The grant reimburses the city for allowable costs incurred in hosting a meeting of international leaders. The meeting was...

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Q: What is meant by the unified budget? Why are Social Security

What is meant by the unified budget? Why are Social Security receipts and disbursements said to be "off budget?"

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Q: Why may it be unclear whether a particular organization associated with the

Why may it be unclear whether a particular organization associated with the federal government should be considered a federal reporting entity? What are the key criteria as to whether an entity should...

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Q: What is meant by "combining statements"?

What is meant by "combining statements"?

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Q: What are the key distinguishing characteristics of fiduciary funds?

What are the key distinguishing characteristics of fiduciary funds?

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