WGU C252 Bundled Exams Questions and Answers with Complete and Verified Solutions

WGU C252 PA Questions and Answers 100% Correct 1. Which activity is aligned with the actions of a governing body of a governmental and nonprofit organization? a. Resolving differences quickly for dissatisfied constituents b. Ensuring the constituents receive value for their equity shares c. Maki...

WGU C252 Practice Questions Chapter 7 Already Passed 1. Which of the following statements is true concerning accounting and financial reporting practices related to capital asset acquisitions? a. Routine capital purchases such as vehicles and equipment often may be financed and accounted for in a ...

WGU Practice Questions C252 Chapter 5 Rated A+ 1. Under the modified accrual basis, revenues are considered susceptible to accrual if a. Available to finance current period expenditures. b. Objectively measurable. c. Collected during the current period. d. Both available to finance current perio...

WGU Practice Questions C252 Chapter 13 Already Passed 1. When preparing external financial statements that are in accordance with generally accepted accounting principles, the minimum financial report will include a. Basic financial statements, management's discussion and analysis, and other requ...

WGU C252 Practice Questions Chapter 1 Already Graded A 1. Which of the following would not be considered a government or nonprofit organization? a. A software company that sells software exclusively to state and local governments. b. A public elementary school. c. A church. d. A private trust or...

WGU Practice Questions C252 Chapter 3 100% Correct 1. Which of the following is not a characteristic of the General Fund? a. Is used to account for all financial resources that are not required to be accounted for in another fund. b. Is used by all governments that report governmental fund activi...

WGU Practice Questions C252 Chapter 12 Already Passed 1. Which types of funds are classified as fiduciary funds? a. Pension trust, private-purpose trust, and Investment Trust Funds. b. Pension trust, permanent trust, and Agency Funds. c. Pension trust, private-purpose trust, investment trust, an...

WGU Practice Questions C252 Chapter 4 Already Passed 1. A city's General Fund general ledger includes accounts called Estimated Revenues, Appropriations, and Encumbrances. This indicates that the city a. Formally integrates its budget into its accounts b. Uses a cash plus encumbrances basis of ...

WGU C252 Government & Nonprofit Latest 2023 Graded A Characteristics -do not attempt to earn a profit -typical business tax accounting is not appropriate -owned collectively by constituents, no equity shares -those contributing financially do not receive direct or proportional shares -usually have o...

WGU Practice Questions C252 Chapter 10 Rated A+ 1. The use of an Enterprise Fund is required by generally accepted accounting principles in each of the following situations except a. When user fees are charged for the majority of the activity's operations. b. When an activity is financed with de...