#FT Chapter 281 | Explore Tumblr posts and blogs

timetogoslumming · 4 years ago

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Fic Masterlist

I’m putting this under the cut because boy howdy, this is long. But basically, this is my Newsies fic masterpost, split into categories. I’ll try to keep this updated, but I make no promises.

(feel free to share!)

Camp Mountain Ridge Universe

Mountain Ridge Camp for Boys (62,710 words)

David was just looking for a summer job when he applied to work at Mountain Ridge Camp for Boys. He had no idea how much would change. For the first time in his life, David is part of a brotherhood, but not everyone is on the same side.

He’s going to dump me (929 words)

Spot's birthday is coming up and Race is acting suspicious.

I Dare You (2121 words)

Inspired by an anonymous request from tumblr: "pst i dare you to write something on ao3 in your other summer camp series and have race idk get hurt in the pool or nearly drown and everyone finally sees protective spot and yeah please i dare you"

Somewhere quiet and dark (1217 words)

Jack finds Davey, who is just getting over a panic attack at camp.

Code Black (2788 words)

Les and David get into a fight and it turns into an emergency.

Return to Mountain Ridge (66,282 words)

This is the sequel to Mountain Ridge Camp for Boys. Davey makes his way back to camp for a second summer. There have been some changes.

Camp Mountain Ridge - The Summer Before (15,494 words)

We know the Camp Mountain Ridge that Davey joined. How did things get that way? Where did it all start?

Miscellaneous Multi-chapter fics

The Bear Creek Market (31,379 words, in progress)

When Sarah can't run her table at the local farmer's market, her brothers step up. Big autumn vibes.

Survivor: Newsies (6263 words, currently unfinished)

It's the Survivor AU that no one wanted! Here in Fiji, eighteen Americans come together to compete against each other in the ultimate game. They’ll have to survive the elements but more than that, they’ll have to survive each other. Who will be the one to claim the million dollar prize and the title of sole survivor?

Javid

Jack shows off his tattoos (392 words)

The Trip (2212 words)

Jack plans a romantic getaway for Davey and everything goes wrong.

Davey can’t take Les trick or treating. Jack helps. (1349 words)

Jack write fanfiction about Davey (702 words)

Jack and Davey shop for their first house (582 words)

Jack and Davey go to Ikea (755 words)

Sprace

Traces of Something (3765 words)

Sprace soulmate AU. The lines started appearing when Race was seventeen. One moment in class, he was working through a few physics problems, completely focused, and the next, he was staring at the black line on his arm.

Rated PG for Smoking Images (2366 words)

Race tries to quit smoking.

The Captain and the Cadet (3586 words)

Spot and Race are both palace guards in a kingdom where guards are not allowed to have relationships. Race gets sent on assignment. Spot can't handle the stress.

Spot has a panic attack and Race tries to help (613 words)

Opportunity (768 words)

Race mourns the Opportunity rover and Spot isn’t helpful.

“i’m tired of being your secret” (635 words)

race finds out that spot missed out on a vital part of childhood. (1621 words)

Race actually lights his cigar for once (611 words)

Spot sends Race a late night text (327 words)

Spot talks in his sleep (549 words)

Ralbert

just a short melancholic thing ft. uncharacteristic Feelings from race (520 words)

Spalbert

Spot and Albert go to the fair (926 words)

Spralbert

Race and Albo Need Electricity (32,405 words)

Try as he might, Albert just can't get over the massive crush he has on his college roommate. But Race has his eyes on someone else.

Newsbians

Kath wants to dance with Sarah (566 words)

Christmas/Hanukkah-Related Fics

Davey Jacobs, the Hanukkah Elf (9250 words, currently unfinished)

Davey needs a job for the holidays and somehow becomes one of Santa's elves. Did anyone ever ask for the Newsies modern mall Christmas village au? absolutely not. am i doing it anyway? absolutely.

Davey and Kath celebrate Hanukkah together (458 words)

Jack struggles with a gift for Medda (397 words)

Sniper and Smalls decorate for Christmas (303 words)

Jack makes Spot go to the mall (435 words)

Davey works at Bath and Body Works. It’s awful. (497 words)

Sarah sells crafts at a holiday market (494 words)

Race and Albert get Christmas sweaters (326 words)

The Jacobs siblings go ice skating (436 words)

Romeo hosts a Christmas movie marathon (647 words)

Crutchie, JoJo, and Finch go see the Christmas lights (476 words)

Smalls and Albert go Christmas shopping together (281 words)

Sprace make a gingerbread house (531 words)

Davey and Les make latkes (524 words)

Specs and Romeo decorate the tree with Specs’ daughter (539 words)

Newsbians bake cookies (302 words)

Miscellaneous Drabbles

Spot and Davey compare childhood dreams (290 words)

This Magic Moment (2257 words)

yall know that iconic pool scene from the sandlot? here it is. this is essentially plagiarized.

Specs’ glasses break (476 words)

#newsies #javid #sprace #ralbert #newsbians #everyone else was doing it #ill try to keep this updated #myfics

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harymark · 4 years ago

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Bromodomain Containing Protein 2 Market 2020 Size Estimation, Share, Business Analysis and Outlook to 2026

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csrgood · 5 years ago

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Philadelphia Union and Subaru of America Announce Stadium Naming Rights Partnership

Philadelphia Union and Subaru of America, Inc. today announced a multi-year stadium naming rights partnership in a global first for the automaker. As a part of the partnership, the home of the Union will be named Subaru Park, an 18,500-seat sports and events destination in the greater Philadelphia area. Subaru will become the official and exclusive automotive partner of the Philadelphia Union. Additionally, the two companies have jointly made a commitment to the greater Philadelphia community that will produce a series of charitable programs as an extension of the Subaru Love Promise vision.

The agreement between the Union and Subaru marks the first time the leading automaker has entered into a partnership with a major league sports team, domestically and globally. Extending beyond a naming rights agreement, the core of the partnership is the development of community programs that enhance the greater Philadelphia community where both organizations are headquartered. The programs will benefit causes centered around youth soccer, pediatric cancer, pet adoption, and environmental sustainability.

“Today is the start of a historic new chapter for the Philadelphia Union, both with the inauguration of our 2020 season at Subaru Park and in the official beginning of our relationship with Subaru of America, a partner that shares in our vision for a better future for our fans and surrounding community,” said Tim McDermott, Philadelphia Union President. “Subaru of America has consistently exemplified a passionate commitment to the community and bringing people together, which is a core value upon which our club was founded. We are committed to working hand-in-hand to give back and create a better world for our fans and the people of the Greater Philadelphia area.”

“When organizations unite for the greater good, everyone wins, which is why we at Subaru of America are excited to come together with our local professional soccer team, the Philadelphia Union, under a shared goal to do good and strive for the betterment of our local communities,” said Thomas J. Doll, President and CEO, Subaru of America, Inc. “This partnership extends the reach of our commitments to improve the lives of people in our community. Subaru of America, along with our retailers and the Philadelphia Union, will develop community programs that will directly tie to our Subaru Love Promise initiatives.”

At the center of the agreement is a commitment to the community through outreach programs as a part of the Subaru Love Promise company vision. Those initiatives include:

Subaru Loves the Earth: A focus on creating a more sustainable environment for fans and the Philadelphia community through recycling efforts and a community garden to grow and donate fresh fruits and vegetables to local communities in need.

Subaru Loves to Help: An effort to provide underserved communities the equipment and resources needed to become active and experience the game of soccer in and around the city.

Subaru Loves to Care: A commitment to support children battling cancer, to highlight and recognize unsung heroes in our community, as well as a celebration of all walks of life regardless of race, color, religion, national origin, gender, gender identity, disability, sexual orientation or socioeconomic status.

Subaru Loves Pets: A mission to unite pets with loving homes and to support pet adoption and animal welfare in the Greater Philadelphia community.

In addition to becoming Subaru Park and adding new dynamic signage, the Union’s home will receive numerous additional improvements ahead of the 2020 season, including:

State-of-the-art Videoboard: Subaru Park will feature an all-new, high dynamic range (HDR) videoboard for the 2020 season. This will be the first HDR compatible videoboard in a Philadelphia sports venue and the first in any MLS soccer-specific venue. The board will be 109 ft. x 32 ft. with 3,440 sq. ft. of video surface, a 281% increase in surface, and feature a 200% increase in resolution. The stadium will also feature upgraded LED ribbons around the field and bowl as well as more than 200 new monitors throughout the stadium and concourse.

New Parking Lots: Three new parking lots have been acquired by the Union during the off-season, providing more parking and improved ingress and egress for ticket holders. In addition, there will be more than 30 reserved spaces in Lot B, free of charge on a first-come, first-serve basis for fans who are Subaru owners.

Tunnel Club: After a soft opening during the 2019 playoff game, the new premium VIP Tunnel Club is now open and offers special game day experiences to West Side Field Seat, Field Table, Manager’s Row and Presidential Row Season Ticket Members. The Tunnel Club provides exclusive benefits ranging from all-inclusive food and beverage to one-of-kind experiences such as behind the scenes, close-proximity to the players and their locker room throughout the game.

OVG Global Partnerships served as the naming rights agency for the Philadelphia Union and was instrumental in the creation of this partnership. For more information, please visit www.philadelphiaunion.com.

ABOUT SUBARU LOVE PROMISE The Subaru Love Promise is just that. A promise. It is a promise to do right by our community by partnering with nonprofit education, health, community, environment, and animal organizations - to set Subaru apart through our deeds and the deeds of our partners. To be unlike any other car company by doing what is right and good, just for the sake of doing it.

ABOUT SUBARU OF AMERICA, INC. Subaru of America, Inc. (SOA) is a wholly owned subsidiary of Subaru Corporation of Japan. Headquartered at a zero-landfill office in Camden, N.J., the company markets and distributes Subaru vehicles, parts and accessories through a network of more than 630 retailers across the United States. All Subaru products are manufactured in zero-landfill production plants and Subaru of Indiana Automotive, Inc. is the only U.S. automobile production plant to be designated a backyard wildlife habitat by the National Wildlife Federation. SOA is guided by the Subaru Love Promise, which is the company’s vision to show love and respect to everyone, and to support its communities and customers nationwide. Over the past 20 years, SOA has donated more than $165 million to causes the Subaru family cares about, and its employees have logged more than 40,000 volunteer hours. As a company, Subaru believes it is important to do its part in making a positive impact in the world because it is the right thing to do.

For additional information visit media.subaru.com. Follow us on Facebook, Twitter, and Instagram.

ABOUT PHILADELPHIA UNION The Philadelphia Union is an innovative, forward-thinking professional soccer club competing in Major League Soccer (MLS) and one of Philadelphia’s five major league sports teams. Driven by unprecedented fan support, MLS awarded the Philadelphia expansion franchise rights to Jay Sugarman in 2008 and the Union kicked off its inaugural season in 2010. The club has reached the finals of the Lamar Hunt U.S. Open Cup in 2014, 2015 and 2018, and has appeared in the MLS Cup Playoffs in 2011, 2016, 2018 and 2019.

The Philadelphia Union is part of parent company Keystone Sports & Entertainment, which also operates USL Championship side Philadelphia Union II, the Philadelphia Union Academy, Philadelphia Union Foundation and Philadelphia Union Youth Programs. With a commitment to developing talent from the Delaware Valley, the Union have signed nine local players from their academy to a first team contract.

The Union play at Subaru Park in Chester, PA on the banks of the Delaware River. The custom-built stadium is part of the Union’s unique waterfront campus, featuring an historic power plant rebuilt into a 500,000 sq. ft. creative office building, a state-of-the-art Training Complex, over 7 acres of professional grade practice pitches and multiple onsite parking fields. For more information about the Philadelphia Union, visit www.philadelphiaunion.com and follow @PhilaUnion on Twitter or Instagram.

###

MEDIA CONTACT FOR PHILADELPHIA UNION: Amanda Young Curtis, (484) 686-5718 (cell); [email protected] Erica Scheer, (617) 817-4014 (cell); [email protected]

MEDIA CONTACT FOR SUBARU OF AMERICA: Dominick Infante, Director, Corporate Communications (856) 488-8615; [email protected] Diane Anton, Corporate Communications Manager (856) 488-5093; [email protected]

source: https://www.csrwire.com/press_releases/43635-Philadelphia-Union-and-Subaru-of-America-Announce-Stadium-Naming-Rights-Partnership?tracking_source=rss

#CSR #corporate social responsibility #social good #philanthropy #employee engagement #workplace givi

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haunteddeerduck-blog · 8 years ago

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ACC 410 Week 3 Quiz – Strayer

Click on the Link Below to Purchase A+ Graded Course Material

http://budapp.net/ACC-410-Week-3-Quiz-Strayer-281.htm

Chapter 2

Fund Accounting

TRUE/FALSE (CHAPTER 2)

1. A fund is a separate fiscal and accountingentity with a self-balancing set of accounts.

2. Fund accounting promotes control and accountability over restricted resources.

3. The basis of accounting determines what transactions and events are recognized.

4. An entity’s measurement focus determines when transactions and events are recognized.

5. If an entity adopts a full accrual basis of accounting, its measurement focus will automatically be on all economic resources.

6. If an entity adopts a modified accrual basis of accounting, its measurement focus will automatically be on current financial resources.

7. A government may report some of its funds on a full accrual basis.

8. A government may have as many general funds as it deems necessary.

9. Funds divide a government into functional departments.

10. General funds are established to account for resources legally restricted for specified purposes.

11. Fiduciary activities only benefit parties other than the government itself.

12. The Financial Accounting Standards Board requires all nongovernmental not-for-profit entities to use fund accounting.

MULTIPLE CHOICE (CHAPTER 2)

1. What is the primary reason that governmental entities use fund accounting?

a) Fund accounting is required by law.

b) Fund accounting is required by GAAP.

c) Fund accounting promotes control and accountability over restricted resources.

d) Fund accounting promotes better control over operating activities.

2. Basis of accounting determines which of the following?

a) When transactions and events are recognized.

b) What transactions and events will be reported.

c) Where transactions and events will be reported.

d) Why transactions and events will be reported.

3. A fund is

a) A separate legal entity.

b) A separate fiscal and accounting entity.

c) A separate self-balancing set of accounts for inventory purposes.

d) None of the above.

4. Which of the following funds is a fiduciary fund?

a) Permanent fund.

b) Agency fund.

c) Capital project fund.

d) Debt service fund.

5. When a governmental entity adopts a basis of accounting other than full accrual and a measurement focus that excludes long-lived assets and liabilities in its governmental fund types:

a) It is in violation of the law.

b) It is in violation of GAAP.

c) It has recorded transactions in accordance with standards for presentation in the fund financial statement required by the new GASB reporting model.

d) It has the ability to better measure the results of operations.

6. A city receives a donation from a citizen who specifies that the principal must be invested and the earnings must be used to support operations of a city-owned recreational facility. The principal of this gift should be accounted for in which of the following funds?

a) Trust fund.

b) Special revenue fund.

c) Permanent fund.

d) Internal service fund.

7. Which of the following is NOT a governmental fund?

a) City Hall Debt Service Fund.

b) City Utilities Enterprise Fund.

c) Gasoline Tax Special Revenue Fund.

d) City Hall Capital Project Fund.

8. Which of the following accounts would you least expect to see in a debt service fund?

a) Principal payments.

b) Interest charges.

c) Interest earned.

d) Outstanding balance of the debt being serviced.

9. Which of the following funds is a proprietary fund?

a) Internal service fund.

b) Special revenue fund.

c) Capital project fund.

d) Permanent fund.

10. Which of the following funds is a governmental fund?

a) Enterprise fund.

b) Debt service fund.

c) Internal service fund.

d) Agency fund.

11. Which of the following activities should the City of Highland account for in a trust fund?

a) General fund contributions received by the City pension plan.

b) Greens fees received from golfers at the City-owned golf course.

c) Grants received from the Federal government to purchase buses to be used for public transit.

d) Proceeds of bonds issued to construct a new city hall building.

12. The state collects a gasoline tax that must be used to support highway construction and maintenance. The gasoline tax should be accounted for in which of the following funds?

a) General fund.

b) Special revenue fund.

c) Debt service fund.

d) Internal service fund.

13. The City of San Jose built a new city hall and financed construction by issuing bonds due in installments over the next 30 years. The bond principal and interest will be paid by a special tax levied on property in the City. The money received from this special tax should be accounted for in which of the following funds?

a) General fund.

b) Special revenue fund.

c) Capital project fund.

d) Debt service fund.

14. Riverside Golf Course is a City-owned golf course that collects greens fees in amounts sufficient to cover its expenses. Riverside Golf Course should be accounted for in which of the following funds?

a) Internal service fund.

b) Enterprise fund.

c) General fund.

d) Special revenue fund.

15. To fulfill the printing needs of its various departments and agencies, the City has established a Central Print Shop which bills the various departments and agencies of the city for printing services rendered. The Central Print Shop should be accounted for in which of the following funds.

a) Internal service fund.

b) Enterprise fund.

c) General fund.

d) Special revenue fund.

16. Which of the following funds is accounted for on the modified accrual basis of accounting?

a) General fund.

b) Internal service fund.

c) Proprietary fund.

d) Pension trust fund.

17. Which of the following assets would NOT be found in the fund balance sheet of the General Fund of the City of Harrison?

a) Cash.

b) Capital assets.

c) Receivable from Special Revenue Fund.

d) Receivable from State.

18. Which of the following liabilities would NOT be found in the fund balance sheet of the General Fund of the City of Marmaduke?

a) Accounts payable.

b) Payable to the special revenue fund.

c) Deferred revenue.

d) Bonds payable, due in 5 years.

19. For which of the following entities is fund accounting mandated?

a) American Hospital Association.

b) City of New York.

c) Grace Lutheran Church.

d) United Way.

20. Governments most commonly separate resources into funds to assure that they adhere to restrictions placed on them by

a) legislators.

b) grantors.

c) donors.

d) all of the above.

PROBLEMS (CHAPTER 2)

1. Assume that the City of Ft. Smith maintains its books and records in a manner that facilitates the preparation of the fund financial statements. For each of the following events indicate in which fund(s) of the City of Ft. Smith the event would be recorded and justify your fund selection.

The City collected property taxes levied for the general operations of the City.

The City collected property taxes levied to pay principal and interest on bonds issued several years in the past to construct a new fire station.

The City collected property taxes levied on a specific area of the City for the purposes of providing more frequent snow removal than is enjoyed by the rest of the City.

The City sold bonds to finance the construction of a new City Hall.

The City sold bonds to finance major renovations at the city-owned electric utility.

2. Assume that the City of Amber maintains its books and records in a manner that facilitates the preparation of the fund financial statements. Amber City maintains a general fund, a capital project fund, and a special revenue fund. During 2002, the City engaged in the following transactions. Record all transactions. Be sure to clearly indicate the fund in which the entry is made.

The City sold bonds, face value $26 million, at par to finance the construction of a new City Hall.

The City purchased two new police cars at a total cost of $50,000.

The City collected $8,000 in taxes dedicated for the eradication of noxious weeds.

The City spent $6,000 on pesticides for noxious weeds.

The City acquired a new tractor for $75,000. The City paid $20,000 in cash, and signed a $55,000 note which is due in three years.

3. Assume that the Blackfoot County maintains its books and records in a manner that facilitates the preparation of the fund financial statements. Blackfoot County engaged in the following transactions during the current month. Prepare journal entries in the general fund to record these events.

a. Paid salaries to County employees, $100,000.

b. Borrowed $35,000 at a local bank to use to buy a County car.

c. Purchased an automobile for the use by County administrative officials, $35,000.

d. Made a $7,000 payment on the outstanding accounts payable.

e. Collected $3,500,000 of the current property tax lavy.

f. Received a $50,000 grant from the State to support general government activities.

4. For each of the following funds list the basis of accounting it should use, either modified accrual or full accrual.

a. General fund

b. Debt service fund

c. Internal service fund

d. Investment trusts

e. Private purpose trusts

5. For each of the following funds list the measurement focus it should use, either current financial resources or economic resources.

a. General fund

b. Special revenue funds

c. Capital projects funds

d. Enterprise funds

e. Pension trusts

ESSAYS (CHAPTER 2)

1. Why do governments and not-for-profit entities use fund accounting?

2. Governments use the modified accrual basis of accounting and a current financial resources measurement focus when presenting the fund financial statements of the governmental funds, but they use the accrual basis of accounting and the flow of economic resources for the government-wide financial statements. What is a basis of accounting? What is measurement focus? How does the selection of one affect the selection of the other?

3. For what purposes do governmental and not-for-profit entities use agency funds? What are the distinguishing characteristics of agency funds?

4. Briefly describe the three broad categories of activities that most general-purpose governments engage in.

Chapter 3

Government Financial Reporting

TRUE/FALSE (CHAPTER 3)

1. In addition to preparing fund financial statements, governments should also prepare consolidated financial statements to provide information on the financial position and operating results of the government as a single economic entity.

2. Fiduciary activities should be reported in fund statements, but should be excluded from the government-wide statements.

3. To prepare their government-wide statements, governments must adjust the governmental fund statements from the full accrual basis to the modified accrual basis.

4. The format that may now be used for the government-wide statement of net assets is “assets plus liabilities equals net assets.”

5. The government-wide statement of activities bears little resemblance to the income statement of a business.

6. A reservation of fund balance is, in essence, an additional restriction on fund resources.

7. Internal service fund balances generally are included in the governmental activities column of the government-wide statement of net assets, rather than in the business-type activities column.

8. A governmental funds balance sheet does not include capital or other noncurrent assets.

9. Fund balance is equal to fund assets plus fund liabilities.

10. Footnotes are not required to be included as part of the basic financial statements of governments.

MULTIPLE CHOICE (CHAPTER 3)

1. __________ is governments’ responsibility to report the extent to which they have met their operating objectives efficiently and effectively, using all resources available for that purpose, and whether they can continue to meet their objectives for the foreseeable future.

a) Fund accountability.

b) Fiscal accountability.

c) Operational accountability.

d) Government accountability.

2. __________ is the responsibility of governments to justify that their actions in the current period have complied with public decisions concerning the raising and spending of public moneys in the short term.

a) Fund accountability.

b) Fiscal accountability.

c) Operational accountability.

d) Government accountability.

3. Which of the following is NOT considered Required Supplementary Information (RSI)?

a) Notes to the financial statements.

b) Management’s Discussion and Analysis.

c) Budgetary comparisons.

d) Pension schedules.

4. Government-wide financial statements should include

a) the statement of net assets, and the statement of activities.

b) the statement of net assets only.

c) the statement of activities only.

d) the statement of net assets, the statement of activities, and the statement of cash flows.

5. In addition to government-wide statements, GASB Statement No. 34 requires fund financial statements be included in the government’s basic set of financial statements. The basic fund financial statements that should be included for governmental funds are

a) the Balance Sheet and

the Statement of Revenues, Expenditures, and Changes in Fund Balance.

b) the Statement of Nets Assets,

the Statement of Revenues, Expenses, and Changes in Fund Net Assets, and

the Statement of Cash Flows.

c) the Statement of Fiduciary Net Assets, and

the Statement of Changes in Fiduciary Net Assets.

d) the Balance Sheet,

the Income Statement,

the Statement of Cash Flows, and

the Statement of Retained Earnings.

6. In addition to government-wide statements, GASB Statement No. 34 requires fund financial statements be included in the government’s basic set of financial statements. The basic fund financial statements that should be included for proprietary funds are

a) the Balance Sheet and

the Statement of Revenues, Expenditures, and Changes in Fund Balance.

b) the Statement of Nets Assets,

the Statement of Revenues, Expenses, and Changes in Fund Net Assets, and

the Statement of Cash Flows.

c) the Statement of Fiduciary Net Assets, and

the Statement of Changes in Fiduciary Net Assets.

d) the Balance Sheet,

the Income Statement,

the Statement of Cash Flows, and

the Statement of Retained Earnings.

7. In addition to government-wide statements, GASB Statement No. 34 requires fund financial statements be included in the government’s basic set of financial statements. The basic fund financial statements that should be included for fiduciary funds are

a) the Balance Sheet and

the Statement of Revenues, Expenditures, and Changes in Fund Balance.

b) the Statement of Nets Assets,

the Statement of Revenues, Expenses, and Changes in Fund Net Assets, and

the Statement of Cash Flows.

c) the Statement of Fiduciary Net Assets, and

the Statement of Changes in Fiduciary Net Assets.

d) the Balance Sheet,

the Income Statement,

the Statement of Cash Flows, and

the Statement of Retained Earnings.

8. The aim of the government-wide statement of activities is to show

a) the net cost of each of the government’s main functions and programs.

b) the net income for the government as a whole.

c) the net income for the government’s governmental activities and fiduciary activities.

d) the net income for the government’s governmental activities and proprietary activities.

9. The government-wide statements should be prepared using

a) the cash basis.

b) the full accrual basis.

c) the modified accrual basis.

d) the modified accrual basis for the governmental activities, and the full accrual basis for the business-type activities.

10. In the fund financial statements, the statements for the governmental funds should be prepared using

a) the cash basis.

b) the full accrual basis.

c) the modified accrual basis.

d) the modified cash basis.

11. In the fund financial statements, the statements for the proprietary funds should be prepared using

a) the cash basis.

b) the full accrual basis.

c) the modified accrual basis.

d) the modified cash basis.

12. In the fund financial statements, the statements for the fiduciary funds should be prepared using

a) the cash basis.

b) the full accrual basis.

c) the modified accrual basis.

d) the modified cash basis.

13. Per Statement No. 34, the GASB requires that governments present their budget versus actual comparisons on a __________ and include a schedule that reconciles the actual amounts per the budgetary comparison with the GAAP amounts per the financial statements.

a) full accrual basis

b) modified accrual basis

c) cash basis

d) budgetary basis

14. How many government-wide statements is a municipality required to prepare?

a) One.

b) Two.

c) Eight.

d) Ten.

15. The Basic Financial Statements of a city do not include which of the following?

a) Government-wide Statement of Net Assets.

b) Government-wide Statement of Activities.

c) Government-wide Statement of Cash Flows.

d) Balance Sheet for each governmental and proprietary fund.

16. Which of the following would NOT be found in the business-type activity column of the government-wide Statement of Net Assets of the City of Smithville?

a) Cash.

b) Inventory.

c) Capital assets.

d) Receivable from general fund.

17. Which of the following would NOT be found in the Statement of Net Assets of Teton City?

a) Cash.

b) Capital assets.

c) Receivable from special revenue fund.

d) Inventories.

18. The focus of the Statement of Activities of the city of West Hills is on which of the following?

a) Determining the total expenses by natural classification.

b) Determining the total expenses by function.

c) Determining the total revenues by function.

d) Determining the net cost of functions.

19. Under the new GASB reporting model for governmental entities, which of the following is required?

a) Only one set of financial statements, prepared on the full accrual basis of accounting.

b) Only one set of financial statements, prepared on the modified accrual basis of accounting.

c) Two sets of financial statements, one similar to the pre-GASB #34 reporting requirements using the current financial resources measurement focus and modified accrual basis of accounting and one that combines all governmental activities in one column and all business-type activities in another column using the full accrual basis of accounting for both columns.

d) Two sets of financial statements, one exactly like the pre-GASB #34 reporting requirements using the current financial resources measurement focus and modified accrual basis of accounting and one that combines all governmental activities in one column and all business-type activities in another column using the full accrual basis of accounting for both columns.

20. Under the new GASB reporting model for governmental entities, the entity-wide balance sheet will display which of the following?

a) Assets, Liabilities, and Net Assets.

b) Assets, Liabilities, and Fund Balances.

c) Assets, Liabilities, and Fund Equity.

d) Assets, Liabilities, and Owner’s Equity.

21. Under the new GASB reporting model for governmental entities, the focus of the entity-wide activity/operating statement is on which of the following?

a) Program revenues and expenditures.

b) Program revenues and expenses.

c) Net income.

d) Net program revenues/expenses.

PROBLEMS (CHAPTER 3)

1. Listed below are the names of the two government-wide financials statements and the seven fund statements that should be included in the government’s basic financial statements. Identify each as either a government-wide statement, a governmental funds statement, a proprietary funds statements, or a fiduciary funds statement.

________________ (a) Statement of Activities

________________ (b) Statement of Fiduciary Net Assets

________________ (c) Statement of Cash Flows

________________ (d) Statement of Revenues, Expenses, and Changes in Fund Net Assets

________________ (e) Statement of Revenues, Expenditures, and Changes in Fund Balance

________________ (f) Balance Sheet

________________ (g) Statement of Net Assets (or a Balance Sheet)

________________ (h) Statement of Net Assets

________________ (i) Statement of Changes in Fiduciary Net Assets

2. Listed below are the names of the two government-wide financials statements and the seven fund statements that should be included in the government’s basic financial statements. Identify the appropriate basis of accounting, either modified accrual or full accrual, that should be used to prepare that statement.

________________ (a) Statement of Activities

________________ (b) Statement of Fiduciary Net Assets

________________ (c) Statement of Cash Flows

________________ (d) Statement of Revenues, Expenses, and Changes in Fund Net Assets

________________ (e) Statement of Revenues, Expenditures, and Changes in Fund Balance

________________ (f) Balance Sheet

________________ (g) Statement of Net Assets (or a Balance Sheet)

________________ (h) Statement of Net Assets

________________ (i) Statement of Changes in Fiduciary Net Assets

3. Listed below are the names of the two government-wide financials statements and the seven fund statements that should be included in the government’s basic financial statements. Identify the appropriate measurement focus, either economic resources or current financial resources, that should be followed to prepare that statement.

________________ (a) Statement of Activities

________________ (b) Statement of Fiduciary Net Assets

________________ (c) Statement of Cash Flows

________________ (d) Statement of Revenues, Expenses, and Changes in Fund Net Assets

________________ (e) Statement of Revenues, Expenditures, and Changes in Fund Balance

________________ (f) Balance Sheet

________________ (g) Statement of Net Assets (or a Balance Sheet)

________________ (h) Statement of Net Assets

________________ (i) Statement of Changes in Fiduciary Net Assets

ESSAYS (CHAPTER 3)

1. Concerning the government-wide statement of net assets, describe what information is included in the governmental activities column, the business-type activities column, and the column for the total primary government.

2. The activities of an internal service fund are presented on the Statement of Revenues, Expenses, and Changes in Fund Net Assets in the fund financial statements. Why? Where are the activities of an internal service fund presented on the Government-wide Statement of Activities? Why?

3. Contrast the reporting of major funds in the governmental funds financial statements versus that of nonmajor funds.

#ACC 410 Week 3 Quiz – Strayer

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