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(Solved) 1. (TCOs A and B) Which of the following fund statements will use


1. (TCOs A and B) Which of the following fund statements will use the current financial resources measurement focus? (Points : 5)
       Fiduciary fund statements
       Proprietary fund statements
       Enterprise fund statements
       Governmental fund statements


Question 2. 2. (TCOs A and B) Governmental fund statements are prepared using which of the following? (Points : 5)
       Economic resources measurement focus and modified accrual basis of accounting.
       Economic resources measurement focus and accrual basis of accounting.
       Current financial resources measurement focus and modified accrual basis of accounting.
       Current financial resources measurement focus and accrual basis of accounting.

7. (TCO E) King City receives a trust donation for the purpose of maintaining flower in city parks, but the donor does not make a specification as to how the principal must be maintained. This type of trust should be appropriately accounted for which of the following fund? (Points : 5)

General Fund


Permanent Fund


Special Revenue Fund


Permanent Fund

9. (TCO E) Which of the following funds or activities general journals would it be inappropriate to record depreciation of capital assets? (Points : 5)

Capital Projects Fund


Governmental Activities


Internal Service Fund


Business-type activities



 


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Oct 15, 2019

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