- (TCO F) Any activities that produce goods or services to be provided to other departments or other governmental units would be reported in which fund?
(TCO F) Which of the following is false regarding proprietary fund accounting?
(TCO G) A fund that is the result of an agreement between a contributor and a government that the principal and/or income of trust assets that is for the benefit of individuals, organizations, or other governments is a(n)
(TCO H) Public sector audits differ from those of commercial businesses in which of the following
(TCO J) Which of the following kinds of information would not be provided by management’s discussion and analysis (MD&A)?
(TCO H) Depreciation expense in a not-for-profit organization should be treated as follows.
(TCO H) Please list and explain the five ethical concepts that are outlined by the Yellow Book.
(TCO F) Internal Service Fund, Statement of Cash Flows. Prepare a statement of cash flows for the internal service fund for the city of Pearman from the following information:
Cash on hand at the beginning of the year $149
Interest on investments 188
Wages and salaries paid (3,230)
Purchases of supplies (1,340)
Collections (for services) from other funds 8,400
Interest paid on long-term debt (180)
Repayment of loans from other funds (730)
Purchase of capital assets (960)
Proceeds of revenue bonds 960
Purchase of investments (480)
Proceeds from sale of capital assets 32
Proceeds from sale of investments 54
Loans from other funds 560