93.Level "A" GAAP for Cook County Hospital, a public hospital, would be established by the:
A)Governmental Accounting Standards Board.
B)Financial Accounting Standards Board.
C)Hospital Financial Management Association.
D)American Institute of Certified Public Accountants.
94.Which of the following is true regarding fund classifications?
A)Governmental funds include the General, special revenue, debt service, capital projects, and permanent.
B)Proprietary funds include enterprise, internal service, and private-purpose.
C)Both of the above.
D)None of the above.
95.Notre Dame University, a private institution, has level “A” GAAP established by the:
A)American Institute of Certified Public Accountants.
B)Governmental Accounting Standards Board.
C)Financial Accounting Standards Board.
D)National Association of College and University Business Officers
96.Long-term debt paid from proprietary funds is reported as a liability in
A) the proprietary fund Statement of Net Assets.
B) the government-wide Statement of Net Assets.
C) both A and B.
D) neither A nor B.
97.Which of the following are the governmental funds?
A)General, special revenue, debt service, capital projects, permanent.
B)General, special revenue, debt service, capital projects, private purpose.
C)General, special revenue, debt service, capital projects, internal service.
D)None of the above.
98.Which of the following is an objective of federal financial reporting?
A) Budgetary Integrity
B) Operating Performance
C) Stewardship
D) All of the above
99.Which of the following funds is considered a Fiduciary Fund?
A) Debt Service Fund
B) Enterprise Fund
C) Internal Service Fund
D) Pension Trust Fund
100.Which of the following statement(s) are not included in the proprietary funds:
A) Statement of Revenues, Expenses, and Changes in Net Assets
B) Statement of Cash Flows
C) Statement of Net Assets
D) All of the above are included
101.Capitalized fixed assets are reported in which of the following fund-basis statements?
A) Agency fund
B) Proprietary fund
C) Governmental fund
D) All of the above
102.Which of the following fund types uses modified accrual accounting?
A) Special Revenue
B) Internal Service
C) Investment Trust
D) Enterprise