Accounting for NFP/Government Exam 2 -
Chapter 3 Questions and Answers 100%
Correct
Which of the following best identifies when an encumbrance is recorded? when goods or
services are ordered
Supplies ordered by the Public Works function of the General Fund were received at an actual
price that was less than the estimated price listed on the purchase order. What effect will this
have on Public Work's appropriations available balance? increase
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
1. operating grants that can be used at the discretion of the city council general
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
, 2. federal grants restricted for highway construction program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
3. fees assessed by other governments for police assistance at a special event program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
4. interest and penalties on delinquent property taxes general
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
5. a special assessment for snow removal program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
Chapter 3 Questions and Answers 100%
Correct
Which of the following best identifies when an encumbrance is recorded? when goods or
services are ordered
Supplies ordered by the Public Works function of the General Fund were received at an actual
price that was less than the estimated price listed on the purchase order. What effect will this
have on Public Work's appropriations available balance? increase
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
1. operating grants that can be used at the discretion of the city council general
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
, 2. federal grants restricted for highway construction program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
3. fees assessed by other governments for police assistance at a special event program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
4. interest and penalties on delinquent property taxes general
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
5. a special assessment for snow removal program
Indicate whether the following revenues should be classified as program revenues, or general
revenues on the government-wide statement of activities
