Chat with AIExam 9: Accounting for Special-Purpose Entities, Including Public Colleges and Universities
Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations134 Questions
Exam 2: Overview of Financial Reporting for State and Local Governments135 Questions
Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority143 Questions
Exam 4: Accounting for the General and Special Revenue Funds125 Questions
Exam 5: Accounting for Other Governmental Fund Types: Capital Projects, Debt Service, and Permanent152 Questions
Exam 6: Proprietary Funds130 Questions
Exam 7: Fiduciary Trustfunds154 Questions
Exam 8: Government-Wide Statements, Capital Assets, Long-Term Debt143 Questions
Exam 9: Accounting for Special-Purpose Entities, Including Public Colleges and Universities105 Questions
Exam 10: Accounting for Private Not-For-Profit Organizations151 Questions
Exam 11: College and University Accounting Private Institutions125 Questions
Exam 12: Accounting for Hospitals and Other Health Care Providers100 Questions
Exam 13: Auditing, Tax-Exempt Organizations, and Evaluating Performance151 Questions
Exam 14: Financial Reporting by the Federal Government66 Questions
Select questions type
Which of the following would be true regarding the Statement of Net Assets for a public college reporting as a special purpose entity engaged in business type activities only?
(Multiple Choice)
4.9/5 
(31)
(31) What is the difference between a component unit and a special purpose local government?
(Essay)
4.7/5 (36)
(36) Tuition waived for work-study and graduate assistants is deducted from student fee revenue when preparing a Statement of Revenues,Expenses,and Changes in Net Assets.
(True/False)
4.7/5 (27)
(27) The following data applies to the next two questions.
•Northern University has a fiscal year end of June 30.
•In June 2014, tuition and fees of $1,200,000 was assessed for the summer term that runs from June 1, 2014 through August 31, 2014. $1,200,000 was collected on June 1, 2014.
-When is this revenue reportable on the financial statements for Northern? 
(Short Answer)
4.9/5 (37)
(37) Which of the following is not required for a special-purpose local government engaged in only fiduciary type activities?
(Multiple Choice)
4.8/5 (35)
(35) 
Filters
- Essay(0)
- Multiple Choice(0)
- Short Answer(0)
- True False(0)
- Matching(0)