Question 1 Assume that the fair market value of investments in a Debt Service Fund decreased by $25,000 as of the end of the fiscal year

Question 1

1. Assume that the fair market value of investments in a Debt Service Fund decreased by $25,000 as of the end of the fiscal year.  What entry would be necessary to reflect this change?

   Question 2

2. The General Fund

   Question 3         

3. The entry to record the billing of taxes by a government is:

   Question 4      

4. When completing the journal entry for tuition waivers to employees when accounting for Colleges and Universities this would be

   Question 5

5. An entity is considered "fiscally independent" if it does not need another government's approval to

   Question 6

6. An example of an external fiduciary relationship would include:

   Question 7      

7. Deductions from patient services revenue for a hospital include all of the following except:

   Question 8      

8. Fiduciary funds are reported

   Question 9       

9. Nongovernment not-for-profit organizations have which of the following classes of Net assets

   Question 10

10. Nongovernmental colleges and universities follow____reporting standards

    Question 11

11. Other not-for-profit organizations include all except:

    Question 12       

12. Since there is an absence of profit motivation in governmental or other not for profit organization activities the following behavior would be considered ethical

    Question 13

13. The adjustment for general capital asset depreciation would be:

    Question 14

14. The entry debit to Reclassifications Out and credit to Reclassifications In is made for other not-for-profit organizations because

    Question 15

15. The entry to record donated professional services at a hospital would be:

    Question 16       

16. The governmental GAAP hierarchy was established by

    Question 17      

17. The similarities between for profit and governmental and not for profit include:

    Question 18       

18. The usual classifications for expenditure recognition for bonds include all of the following except:

    Question 19

19. When recording the budget for a governmental  agency the entry would be as follows:

    Question 20

20. Which of the following expenditures would be recognized when acquired: