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ACC 426 Chapter 1, 2, and 3 Bundled Exams Questions and Answers 100% Solved
ACC 426 Chapter 1, 2, and 3 Bundled Exams Questions and Answers 100% Solved
[Show more]ACC 426 Chapter 1, 2, and 3 Bundled Exams Questions and Answers 100% Solved
[Show more]ACC 426 - CH 1 QUESTIONS AND ANSWERS ALREADY GRADED A 
Governmental funds include: 
A) Special revenue funds 
B) Internal service funds 
C) Enterprise funds D) Agency funds A 
Which of the following has established a "Hierarchy of GAAP": 
A) Financial Accounting Standards Board. 
B) Federal Accoun...
Preview 4 out of 32 pages
Add to cartACC 426 - CH 1 QUESTIONS AND ANSWERS ALREADY GRADED A 
Governmental funds include: 
A) Special revenue funds 
B) Internal service funds 
C) Enterprise funds D) Agency funds A 
Which of the following has established a "Hierarchy of GAAP": 
A) Financial Accounting Standards Board. 
B) Federal Accoun...
ACC 426 - CH 2 QUESTIONS AND ANSWERS RATED A 
Under GASB Statement 35, public colleges and universities are permitted to report as special purpose governments engaged in: 
A) Business-type activities only. 
B) Both governmental and business-type activities. 
C) Governmental activities only. D) Any o...
Preview 4 out of 32 pages
Add to cartACC 426 - CH 2 QUESTIONS AND ANSWERS RATED A 
Under GASB Statement 35, public colleges and universities are permitted to report as special purpose governments engaged in: 
A) Business-type activities only. 
B) Both governmental and business-type activities. 
C) Governmental activities only. D) Any o...
ACC 426 - CH 3 QUESTIONS AND ANSWERS 100% PASS 
Which of the following is not one of the four classes into which nonexchange transactions apply in accordance with GASB Statement No. 33? 
A) Voluntary nonexchange transactions. 
B) Imposednonexchangerevenues. 
C) Derived Tax Revenues. D) Mandatory exc...
Preview 4 out of 33 pages
Add to cartACC 426 - CH 3 QUESTIONS AND ANSWERS 100% PASS 
Which of the following is not one of the four classes into which nonexchange transactions apply in accordance with GASB Statement No. 33? 
A) Voluntary nonexchange transactions. 
B) Imposednonexchangerevenues. 
C) Derived Tax Revenues. D) Mandatory exc...
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