E 19-2 Multiple choice [AICPA adapted] Depreciation expense accounts would likely be found in the General fund Capital projects fund Debt service fund Enterprise fund The government-wide statements of a state government May not be issued separately from the comprehensive annual financial report Are prepared on both the accrual and modified accrual bases of accounting Include both governmental and proprietary funds Contain more-detailed information regarding the state government’s finances than is contained in the comprehensive annual financial report Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they Are earned and become measurable Are collected Become available and measurable Become available and earned Authority granted by a legislative body to make expenditures and to incur obligations is the definition of an Appropriation Allowance Encumbrance Expenditure An expense would be reported in which of the following funds? Special revenue funds Capital projects funds Enterprise funds Permanent funds
E 19-2 Multiple choice [AICPA adapted]
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Depreciation expense accounts would likely be found in the-
General fund
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Capital projects fund
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Debt service fund
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Enterprise fund
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The government-wide statements of a state government
-
May not be issued separately from the comprehensive annual financial report
-
Are prepared on both the accrual and modified accrual bases of accounting
-
Include both governmental and proprietary funds
-
Contain more-detailed information regarding the state government’s finances than is contained in the comprehensive annual financial report
-
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Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they
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Are earned and become measurable
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Are collected
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Become available and measurable
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Become available and earned
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Authority granted by a legislative body to make expenditures and to incur obligations is the definition of an
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Appropriation
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Allowance
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Encumbrance
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Expenditure
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An expense would be reported in which of the following funds?
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Special revenue funds
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Capital projects funds
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Enterprise funds
-
Permanent funds
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