Exam (elaborations)

Test Bank for Essentials of Accounting for Governmental and Not-for-Profit Organizations, 15th Edition by Copley

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Module
Cost accounting

Institution
Cost Accounting

Complete test bank for Essentials of Accounting for Governmental and Not-for-Profit Organizations, 15th Edition 15e by Paul Copley. ISBN 8902 Full Chapters test bank are included Chapter 1: Introduction to Accounting and Financial Reporting for Governmental and Not-for-Profit Organizations C...

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Uploaded on July 13, 2023
Number of pages 520
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

essentials
accounting
governmental
not for profit
organizations
15e
15th
edition
copley
multiple choice
mcqs
quiz bank
test bank
true
false
exam bank
practice quizzes

Institution Cost accounting
Module Cost accounting

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Chap 01 15e Copley
1) The Governmental Accounting Standards Board sets financial reporting standards for all
units of government: federal, state, and local.
⊚ true
⊚ false

2) Fund accounting exists primarily to provide assurance that resources are used according to
legal or donor restrictions.
⊚ true
⊚ false

3) The Financial Accounting Standards Board sets financial reporting standards for profit-
seeking businesses and nongovernmental, not-for-profit organizations.
⊚ true
⊚ false

4) FASAB, GASB, and FASB standards are set forth primarily in documents called statements.
⊚ true
⊚ false

5) FASAB, GASB, and FASB reporting standards are set forth primarily in documents called
concept statements.
⊚ true
⊚ false

6) The FASAB was established to recommend accounting and financial reporting standards for
the federal government.
⊚ true
⊚ false

1

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Exam (elaborations) ·

Exam (elaborations)

Test Bank for Essentials of Accounting for Governmental and Not-for-Profit Organizations, 15th Edition by Copley

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