ACCT 567 Week 5 Test All Questions and Answers ACCT 567 Week 5 Problems 8 ACCT 567 Week 5 Homework Case study ACCT 567 Week 5 Case Study City of Shipley ACCT 567 Week 4 Problems 7 ACCT 567 Week 4 Midterm Exam ACCT 567 Week 3 Problems 5 ACCT 567 Week 2 Problems 3 ACCT 567 Week 2 Case Study I ACCT 567 Week 1 Exercises ACCT 567 Entire Course ACCT 567 Week 6 Problem 12 ACCT 567 Week 7 Problems 16 ACCT 567 Week 8 Final Exams

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1.
Question:
(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?
Enterprise Fund
Internal Service Fund
Advance Fund
Agency Fund
2.
Question:
(TCO F) Government units use which fund type to account for services
provided to the general public on a user-fee basis?
General Fund
Enterprise Fund
Internal Service Fund
Permanent Fund
3.
Question:
(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)
Private-Purpose Trust Fund.
Investment Trust Fund.
Pension Trust Fund.
Agency Fund.
4.
Question:

2. (TCO H) Which of the following would be considered a performance
audit under the Governmental Auditing Standards?
:
An investigation into whether a social service agency of a state
government improved the lives of the clients.
An investigation into whether a purchasing department of a government
was operated efficiently.
Both of the above
Neither of the above
5.
Question:
(TCO J) Which of the following kinds of information would not be
provided by management’s discussion and analysis (MD&A)?
:
A description of the government’s financial condition.
A discussion of economic factors and the budget and tax rates approved
for the next year.
A forecast of revenues and expenditures for the next three fiscal years.
A narrative explanation of the contents of the CAFR.
6.
Question:
(TCO H) Which of the following would be considered “contribution
revenue or support” of a not-for-profit organization?
Monies received from a fund-raising campaign.
Investment earnings.
Money received from rental of surplus office space.
Gain on disposal of capital assets.
7.
Question :
(TCO H) Describe the different types of governmental audits and
attestation engagements.
8.
Question :

3. (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: