Accounting

Which transaction of a federal agency requires a proprietary entry, but not a bu

Which transaction of a federal agency requires a proprietary entry, but not a bu

Which transaction of a federal agency requires a proprietary entry, but not a budgetary entry?
A.   Receipt of capital assets or material ordered.
B.   Consumption of materials and supplies.
C.   Accrued salaries and benefits.
D.   Approv

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f_zah1

Which transaction of a federal agency requires a budgetary entry but not a propr

Which transaction of a federal agency requires a budgetary entry but not a propr

Which transaction of a federal agency requires a budgetary entry but not a proprietary entry?
A.   Receipt of budgetary authority from the Congress, i.e., receipt of appropriation.
B.   Consumption of materials and supplies.
C.   Depreciatio

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f_zah1

When equipment is purchased on account, what proprietary accounts are credited?

When equipment is purchased on account, what proprietary accounts are credited?

When equipment is purchased on account, what proprietary accounts are credited?
A.   Accounts Payable and Unexpended Appropriations.
B.   Cash and Unexpended Appropriations.
C.   Accounts Payable and Appropriations Used.
D.   Accounts Pay

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f_zah1

Which of the following budgetary accounts typically is not closed at year end? A

Which of the following budgetary accounts typically is not closed at year end? A

Which of the following budgetary accounts typically is not closed at year end?
A.   Unapportioned Authority.
B.   Expended Appropriations–Paid.
C.   Expired Authority.
D.   Commitments.

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f_zah1

When materials or supplies that have been ordered are received, what budgetary a

When materials or supplies that have been ordered are received, what budgetary a

When materials or supplies that have been ordered are received, what budgetary account is credited?
A.   Undelivered orders.
B.   Appropriations.
C.   Expended appropriations–unpaid.
D.   Appropriations used.

goji.go   363   1 Reply

f_zah1

Which transaction of a federal agency require both budgetary and proprietary ent

Which transaction of a federal agency require both budgetary and proprietary ent

Which transaction of a federal agency require both budgetary and proprietary entries?
A.   Receipt of budgetary authority from the Congress, i.e., receipt of appropriation.
B.   Consumption of materials and supplies.
C.   Depreciation of cap

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f_zah1

An agency makes an internal preliminary request for the purchase of $75,000 of e

An agency makes an internal preliminary request for the purchase of $75,000 of e

An agency makes an internal preliminary request for the purchase of $75,000 of equipment and supplies with an anticipated cost of $10,000. The budgetary entry made by the agency would be

      Debit   Credit
A.   Expenditures
Capital Ass

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f_zah1

Assume that Congress enacted an appropriation for a federal agency in the amount

Assume that Congress enacted an appropriation for a federal agency in the amount

Assume that Congress enacted an appropriation for a federal agency in the amount of $500,000. The proprietary entry that would be necessary would be

      Debit   Credit
A.   Fund Balance with Treasury
   Unexpended Appropriations   $500,000

goji.go   371   1 Reply

f_zah1

When agency directors make allotments, what budgetary accounts are affected?

When agency directors make allotments, what budgetary accounts are affected?

When agency directors make allotments, what budgetary accounts are affected?
A.   Unapportioned Authority and Allotments–Realized Resources.
B.   Allotments–Realized Resources and Undelivered Orders.
C.   Appropriations and Allotments–Realiz

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f_zah1

In a federal agency's budgetary accounts, which account is most similar to encum

In a federal agency's budgetary accounts, which account is most similar to encum

In a federal agency's budgetary accounts, which account is most similar to encumbrances in a state or local government?
A.   Allotments.
B.   Commitments.
C.   Undelivered orders–unpaid.
D.   Appropriated capital.

goji.go   374   1 Reply

f_zah1

What is the primary financing source reported by must federal agencies?

What is the primary financing source reported by must federal agencies?

What is the primary financing source reported by must federal agencies?
A.   Sales revenues.
B.   Appropriations used.
C.   Appropriations received from Congress.
D.   Apportionments.

goji.go   272   1 Reply

f_zah1

The budgetary fund balance of an agency is also known as A.Unassigned fund bala

The budgetary fund balance of an agency is also known as A.Unassigned fund bala

The budgetary fund balance of an agency is also known as
A.   Unassigned fund balance.
B.   Undesignated fund balance.
C.   Unexpended appropriations.
D.   Obligated appropriations.

goji.go   311   1 Reply

f_zah1

Unexpended, unobligated appropriation authority from a previous year is represen

Unexpended, unobligated appropriation authority from a previous year is represen

Unexpended, unobligated appropriation authority from a previous year is representative of
A.   A commitment.
B.   An apportionment.
C.   Expired authority.
D.   A suballotment.

goji.go   313   1 Reply

f_zah1

Which of the following budgetary accounts typically have a debit balance?

Which of the following budgetary accounts typically have a debit balance?

Which of the following budgetary accounts typically have a debit balance?
A.   Apportionments.
B.   Expended Appropriations–paid.
C.   Expended Appropriations–unpaid.
D.   Appropriations Realized.

goji.go   518   1 Reply

f_zah1

Which of the following funds would you not expect to find in federal government

Which of the following funds would you not expect to find in federal government

Which of the following funds would you not expect to find in federal government accounting?
A.   General fund.
B.   Special funds.
C.   Revolving funds.
D.   Capital projects funds.

goji.go   301   1 Reply

f_zah1

Which of the following does not change cumulative results of operations of a fed

Which of the following does not change cumulative results of operations of a fed

Which of the following does not change cumulative results of operations of a federal agency?
A.   Appropriations used.
B.   Gains on sales of agency assets.
C.   Expenses.
D.   Purchase of capital assets.

goji.go   275   1 Reply

f_zah1

Which of the following is a component of the net position of the U.S. Government

Which of the following is a component of the net position of the U.S. Government

Which of the following is a component of the net position of the U.S. Government?
A.   Cumulative results of operations.
B.   Restricted net position.
C.   Capital Contributed by Treasury.
D.   Net investments in capital assets.

goji.go   211   1 Reply

f_zah1

An appropriation was made for a federal agency in the amount of $1,000,000. The

An appropriation was made for a federal agency in the amount of $1,000,000. The

An appropriation was made for a federal agency in the amount of $1,000,000. The agency's unexpended appropriations component of net position
A.   Does not change.
B.   Increases by $1,000,000.
C.   Decreases by $1,000,000.
D.   Will

goji.go   194   1 Reply

f_zah1

A budgetary entry for depreciation on an agency's equipment would A.Include a

A budgetary entry for depreciation on an agency's equipment would A.Include a

A budgetary entry for depreciation on an agency's equipment would
A.   Include a debit to expenses.
B.   Include a credit to accumulated depreciation.
C.   Include a debit to appropriations.
D.   Not be necessary.

goji.go   229   1 Reply

f_zah1

If an agency incurs expenses that were not previously obligated, the agency shou

If an agency incurs expenses that were not previously obligated, the agency shou

If an agency incurs expenses that were not previously obligated, the agency should make a proprietary entry that DEBITS
A.   Fund balance.
B.   Advances to others.
C.   Appropriations used.
D.   Unexpended appropriations.

goji.go   256   1 Reply

f_zah1

The net position of the U.S. government is not:

The net position of the U.S. government is not:

The net position of the U.S. government is not:
A.   The net assets of the federal government.
B.   Equal to the difference between the assets and liabilities of the federal government.
C.   Comprised of cumulative results of operations and

goji.go   175   1 Reply

f_zah1

Cumulative results of operations is comprised of A.Unexpended appropriations an

Cumulative results of operations is comprised of A.Unexpended appropriations an

Cumulative results of operations is comprised of
A.   Unexpended appropriations and earmarked funds.
B.   Earmarked and non-earmarked funds.
C.   Expended appropriations and unexpended appropriations.
D.   Increases in appropriation autho

goji.go   247   1 Reply

f_zah1

Federal budgetary authority has been exceeded in the following situations except

Federal budgetary authority has been exceeded in the following situations except

Federal budgetary authority has been exceeded in the following situations except
A.   When a commitment has occurred within an agency.
B.   An apportionment exceeds an appropriation.
C.   An obligation exceeds an allotment.
D.   An expend

goji.go   197   1 Reply

f_zah1

Who has responsibility to develop and recommend accounting and financial reporti

Who has responsibility to develop and recommend accounting and financial reporti

Who has responsibility to develop and recommend accounting and financial reporting principles for the federal government?
A.   Federal Accounting Standards Advisory Board.
B.   Financial Accounting Standards Board.
C.   Governmental Accounti

goji.go   210   1 Reply

f_zah1

Nongovernment not-for-profit hospitals reported assets limited as to use for A.

Nongovernment not-for-profit hospitals reported assets limited as to use for A.

Nongovernment not-for-profit hospitals reported assets limited as to use for
A.   Assets limited to a specific use by donors, by contracts, or by the hospital board.
B.   Assets limited to a specific use by contracts or by the hospital board.

goji.go   264   1 Reply

f_zah1

A nongovernment not-for-profit hospital presents the following categories on its

A nongovernment not-for-profit hospital presents the following categories on its

A nongovernment not-for-profit hospital presents the following categories on its statement of cash flows, except
A.   Cash flows from operating activities.
B.   Cash flows from investing activities.
C.   Cash flows from noncapital financing

goji.go   244   1 Reply

f_zah1

A nongovernment not-for-profit hospital presents all of the following financial

A nongovernment not-for-profit hospital presents all of the following financial

A nongovernment not-for-profit hospital presents all of the following financial statements, except
A.   A balance sheet.
B.   A statement of operations.
C.   A statement of activities.
D.   A statement of cash flows.

goji.go   181   1 Reply

f_zah1

Which of the following are reported for government hospitals but not for nongove

Which of the following are reported for government hospitals but not for nongove

Which of the following are reported for government hospitals but not for nongovernment, not-for-profit hospitals?
A.   Capital leases.
B.   Deferred inflows.
C.   Net patient service revenues.
D.   Premium fees.

goji.go   202   1 Reply

f_zah1

Which of the following are reported by both government and nongovernment, not-fo

Which of the following are reported by both government and nongovernment, not-fo

Which of the following are reported by both government and nongovernment, not-for-profit hospitals?
A.   Bad debt expense.
B.   Restricted net position.
C.   Investment income.
D.   Unrestricted net position.

goji.go   147   1 Reply

f_zah1

Government hospitals and nongovernment not-for-profit hospitals report all of th

Government hospitals and nongovernment not-for-profit hospitals report all of th

Government hospitals and nongovernment not-for-profit hospitals report all of the following in the same manner except
A.   Patient service revenues
B.   Rent revenues
C.   Provision for bad debts
D.   Charity services

goji.go   392   1 Reply

f_zah1

Sources of generally accepted accounting principles for government hospitals inc

Sources of generally accepted accounting principles for government hospitals inc

Sources of generally accepted accounting principles for government hospitals include
A.   AICPA Audit and Accounting Guide, Health Care Organizations.
B.   FASAB standards.
C.   FASB not-for-profit standards.
D.   GAO Yellow Book.

goji.go   276   1 Reply

f_zah1

Which of the following items are not reported in much the same manner by governm

Which of the following items are not reported in much the same manner by governm

Which of the following items are not reported in much the same manner by government hospitals and nongovernment not-for-profit hospitals?
A.   Patient service revenues.
B.   Donated professional services.
C.   Premium fee revenues.
D.   C

goji.go   227   1 Reply

f_zah1

Dublin State Hospital would have earned $3,000,000 of patient service revenue un

Dublin State Hospital would have earned $3,000,000 of patient service revenue un

Dublin State Hospital would have earned $3,000,000 of patient service revenue under its established rate structure for the year. However, it does not expect to collect this amount due to charity allowances of $75,000, discounts to third-party payers

goji.go   313   1 Reply

f_zah1

In the statement of revenues, expenses and changes in net position, expenses of

In the statement of revenues, expenses and changes in net position, expenses of

In the statement of revenues, expenses and changes in net position, expenses of government hospitals should be reported by
A.   Natural classifications.
B.   Department.
C.   Function.
D.   Either by natural classification or by function.

goji.go   248   1 Reply

f_zah1

A government hospital received a cash donation restricted for construction of a

A government hospital received a cash donation restricted for construction of a

A government hospital received a cash donation restricted for construction of a new wing to the hospital. How should the donation be reported be reported in the statement of cash flows?
A.   Cash inflows from operating activities.
B.   Cash inf

goji.go   216   1 Reply

f_zah1

Which of the following statements of a government hospital is not required?

Which of the following statements of a government hospital is not required?

Which of the following statements of a government hospital is not required?
A.   Statement of cash flows.
B.   Balance sheet.
C.   Statement of revenues, expenses and changes in net position.
D.   Statement of changes in fund balances.

goji.go   164   1 Reply

f_zah1

A government hospital board of directors voted to set aside $3,000,000 of invest

A government hospital board of directors voted to set aside $3,000,000 of invest

A government hospital board of directors voted to set aside $3,000,000 of investments for future hospital expansion. In the hospital balance sheet, these resources should be reported.
A.   Unrestricted net position.
B.   Restricted net position

goji.go   273   1 Reply

f_zah1

County Medical Center received unrestricted contributions of $22,000. The hospit

County Medical Center received unrestricted contributions of $22,000. The hospit

County Medical Center received unrestricted contributions of $22,000. The hospital used the contributions to support general services. These contributions would be reported on the statement of cash flows as
A.   Operating activities.
B.   Nonca

goji.go   245   1 Reply

f_zah1

At their recent board of directors meeting, the County Hospital Board voted to d

At their recent board of directors meeting, the County Hospital Board voted to d

At their recent board of directors meeting, the County Hospital Board voted to designate $150,000 of current investments toward the renovation of the hospital planned for next year. This designation will be result in
A.   A credit to cash.
B.

goji.go   463   1 Reply

f_zah1

The fair market value of a government hospital's investments that are restricted

The fair market value of a government hospital's investments that are restricted

The fair market value of a government hospital's investments that are restricted for future capital needs increased by $7,000. As of the end of the fiscal year,
A.   Nonoperating gains will increase by $7,000.
B.   General revenue will in

goji.go   308   1 Reply

f_zah1