上海对外经贸大学 高级财务会计学笔记-高级财务会计学（英）chapter 21.docVIP

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AdvancedAccounting,12e(Beamsetal.)

Chapter21AccountingforStateandLocalGovernmentalUnits-ProprietaryandFiduciaryFunds

21.1MultipleChoiceQuestions

1)Whatbasisofaccountingisusedbyproprietaryfunds?

A)Modifiedaccrualaccounting

B)Accrualaccounting

C)Cashbasisaccounting

D)Fairvalueaccounting

Answer:B

Objective:LO1

Difficulty:Easy

2)Enterprisefundsareaccountedforinamannersimilarto

A)internalservicefunds.

B)capitalprojectfunds.

C)specialrevenuefunds.

D)debtservicefunds.

Answer:A

Objective:LO1

Difficulty:Easy

3)OnJanuary1,2014,theGeneralFundcontributes$200,000cashtotheInternalServiceFund.OnJanuary1,2011,theGeneralFundalsoloans$100,000cashtotheInternalServiceFund.OnJanuary1,2014,whatjournalentrydoestheInternalServiceFundprepare?

A)debitCash$300,000,creditOtherFinancingSources$300,000

B)debitCash$300,000,creditOtherFinancingSources$200,000,creditAdvancefromGeneralFund$100,000

C)debitCash$300,000,creditAdvancefromGeneralFund$300,000

D)debitCash$300,000,creditNonreciprocalTransferfromGeneralFund$200,000,creditAdvancefromGeneralFund$100,000

Answer:D

Objective:LO1

Difficulty:Moderate

4)TheaccountingequationfortheProprietaryfundis

A)assets=liabilities.

B)currentassets+currentliabilities=fundbalance.

C)currentassets-currentliabilities=netassets.

D)currentassets+noncurrentassets-currentliabilities-noncurrentliabilities=netassets.

Answer:D

Objective:LO1

Difficulty:Easy

5)Thefixedassetsandlong-termliabilitiesassociatedwithProprietaryFundsarereportedonthe

A)financialstatementsofgovernmentalfunds.

B)financialstatementsoffiduciaryfunds.

C)financialstatementsofproprietaryfunds.

D)financialstatementsoftrustfunds.

Answer:C

Objective:LO1

Difficulty:Easy

6)OnJanuary1,2014,theEn