Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Test Bank
Accounting for Governmental
( Test Bank)
Accounting for Governmental & Nonprofit Entities 19th Edition By Jacqueline Reck and Suzanne Lowensohn and Daniel Neely 2022 Test Bank
Edition: 19th Canadian
Author Name: Jacqueline Reck and Suzanne Lowensohn and Daniel Neely
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sample free
TRUE/FALSE – Write ‘T’ if the statement is true and ‘F’ if the statement is false.
1) General purpose governments generally provide a wider range of services to their residents than do special purpose governments.
1) ______
⊚ true
⊚ false
Question Details
AACSB : Knowledge Application
AICPA : BB Industry
Bloom’s : Remember
Learning Objective : 01-01 Identify and explain the characteristics that distinguish government and n
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Topic : Differences Between Governmental and Not-for-profit Organization
Gradable : automatic
2) Examples of general purpose governments include cities, towns, and independent public school districts.
2) ______
⊚ true
⊚ false
Question Details
AACSB : Knowledge Application
AICPA : BB Industry
Bloom’s : Remember
Learning Objective : 01-01 Identify and explain the characteristics that distinguish government and n
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Topic : Differences Between Governmental and Not-for-profit Organization
Gradable : automatic
3) The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all state and local governments, both general purpose and special purpose.
3) ______
⊚ true
⊚ false
Question Details
AACSB : Knowledge Application
AICPA : BB Industry
Bloom’s : Remember
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Learning Objective : 01-02 Identify the authoritative bodies responsible for setting financial report
Topic : Sources of Financial Reporting Standards
Gradable : automatic
4) The Governmental Accounting Standards Board (GASB) is the body authorized to establish accounting principles for all government entities.
4) ______
⊚ true
⊚ false
Question Details
AACSB : Knowledge Application
AICPA : BB Industry
Bloom’s : Remember
Difficulty : 1 Easy
Accessibility : Keyboard Navigation
Accessibility : Screen Reader Compatible
Learning Objective : 01-02 Identify the authoritative bodies responsible for setting financial report
Topic : Sources of Financial Reporting Standards
Gradable : automatic
5) The Financial Accounting Standards Board (FASB) is the body authorized to establish accounting principles for all colleges and universities and health care entities.
5) ______
⊚ true
⊚ false
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