{"id":107985,"date":"2025-08-08T06:11:58","date_gmt":"2025-08-08T06:11:58","guid":{"rendered":"https:\/\/www.dumpsbase.com\/freedumps\/?p=107985"},"modified":"2025-08-08T06:11:58","modified_gmt":"2025-08-08T06:11:58","slug":"gafrb-dumps-v8-02-are-available-to-help-you-complete-the-governmental-accounting-financial-reporting-and-budgeting-exam-for-cgfm-certification","status":"publish","type":"post","link":"https:\/\/www.dumpsbase.com\/freedumps\/gafrb-dumps-v8-02-are-available-to-help-you-complete-the-governmental-accounting-financial-reporting-and-budgeting-exam-for-cgfm-certification.html","title":{"rendered":"GAFRB Dumps (V8.02) Are Available to Help You Complete the Governmental Accounting, Financial Reporting, and Budgeting Exam for CGFM Certification"},"content":{"rendered":"<p>We have introduced the AGA Certified Government Financial Manager (CGFM) certification and indicated that the <a href=\"https:\/\/www.dumpsbase.com\/freedumps\/cgfm-governmental-financial-management-and-control-gfmc-dumps-v8-02-comprehensive-and-accurate-preparation-materials-for-exam-preparation.html\"><em><strong>CGFM certification<\/strong><\/em><\/a> requires answering three exams. The Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) is one of them. Enhance your preparation for the exam by accessing DumpsBase\u2019s GAFRB dumps (V8.02). The latest dumps enable you to thoroughly prepare and achieve a perfect score on the Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) exam. All services and offerings related to the GAFRB exam are provided without additional costs, making this an exceptional opportunity to prepare for the 300-215 exam. Follow the GAFRB exam questions from the dumps to discover the most effective preparation methods.<\/p>\n<h2>Check the <span style=\"background-color: #00ff00;\"><em>GAFRB free dumps<\/em><\/span> to verify the quality first:<\/h2>\n<script>\n\t  window.fbAsyncInit = function() {\n\t    FB.init({\n\t      appId            : '622169541470367',\n\t      autoLogAppEvents : true,\n\t      xfbml            : true,\n\t      version          : 'v3.1'\n\t    });\n\t  };\n\t\n\t  (function(d, s, id){\n\t     var js, fjs = d.getElementsByTagName(s)[0];\n\t     if (d.getElementById(id)) {return;}\n\t     js = d.createElement(s); js.id = id;\n\t     js.src = \"https:\/\/connect.facebook.net\/en_US\/sdk.js\";\n\t     fjs.parentNode.insertBefore(js, fjs);\n\t   }(document, 'script', 'facebook-jssdk'));\n\t<\/script><script type=\"text\/javascript\" >\ndocument.addEventListener(\"DOMContentLoaded\", function(event) { \nif(!window.jQuery) alert(\"The important jQuery library is not properly loaded in your site. Your WordPress theme is probably missing the essential wp_head() call. You can switch to another theme and you will see that the plugin works fine and this notice disappears. If you are still not sure what to do you can contact us for help.\");\n});\n<\/script>  \n  \n<div  id=\"watupro_quiz\" class=\"quiz-area single-page-quiz\">\n<p id=\"submittingExam10627\" style=\"display:none;text-align:center;\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\"><\/p>\n\n<div class=\"watupro-exam-description\" id=\"description-quiz-10627\"><\/div>\n\n<form action=\"\" method=\"post\" class=\"quiz-form\" id=\"quiz-10627\"  enctype=\"multipart\/form-data\" >\n<div class='watu-question ' id='question-1' style=';'><div id='questionWrap-1'  class='   watupro-question-id-420290'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>1. <\/span>To capitalize a research and development asset, it must<\/div><input type='hidden' name='question_id[]' id='qID_1' value='420290' \/><input type='hidden' id='answerType420290' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420290[]' id='answer-id-1628106' class='answer   answerof-420290 ' value='1628106'   \/><label for='answer-id-1628106' id='answer-label-1628106' class=' answer'><span>be used for a federal research project.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420290[]' id='answer-id-1628107' class='answer   answerof-420290 ' value='1628107'   \/><label for='answer-id-1628107' id='answer-label-1628107' class=' answer'><span>be approved by the agency head.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420290[]' id='answer-id-1628108' class='answer   answerof-420290 ' value='1628108'   \/><label for='answer-id-1628108' id='answer-label-1628108' class=' answer'><span>have acquisition value of at least $100.000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420290[]' id='answer-id-1628109' class='answer   answerof-420290 ' value='1628109'   \/><label for='answer-id-1628109' id='answer-label-1628109' class=' answer'><span>have alternative future use.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-2' style=';'><div id='questionWrap-2'  class='   watupro-question-id-420291'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>2. <\/span>An example of a non-exchange revenue is<\/div><input type='hidden' name='question_id[]' id='qID_2' value='420291' \/><input type='hidden' id='answerType420291' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420291[]' id='answer-id-1628110' class='answer   answerof-420291 ' value='1628110'   \/><label for='answer-id-1628110' id='answer-label-1628110' class=' answer'><span>sales taxes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420291[]' id='answer-id-1628111' class='answer   answerof-420291 ' value='1628111'   \/><label for='answer-id-1628111' id='answer-label-1628111' class=' answer'><span>bond proceeds.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420291[]' id='answer-id-1628112' class='answer   answerof-420291 ' value='1628112'   \/><label for='answer-id-1628112' id='answer-label-1628112' class=' answer'><span>licensing fees.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420291[]' id='answer-id-1628113' class='answer   answerof-420291 ' value='1628113'   \/><label for='answer-id-1628113' id='answer-label-1628113' class=' answer'><span>investment earnings.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-3' style=';'><div id='questionWrap-3'  class='   watupro-question-id-420292'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>3. <\/span>If an internal service fund needs to develop an hourly billing rate, the calculation should include<\/div><input type='hidden' name='question_id[]' id='qID_3' value='420292' \/><input type='hidden' id='answerType420292' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420292[]' id='answer-id-1628114' class='answer   answerof-420292 ' value='1628114'   \/><label for='answer-id-1628114' id='answer-label-1628114' class=' answer'><span>all materials consumed during the year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420292[]' id='answer-id-1628115' class='answer   answerof-420292 ' value='1628115'   \/><label for='answer-id-1628115' id='answer-label-1628115' class=' answer'><span>the acquisition cost of equipment purchased during the year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420292[]' id='answer-id-1628116' class='answer   answerof-420292 ' value='1628116'   \/><label for='answer-id-1628116' id='answer-label-1628116' class=' answer'><span>the replacement cost of equipment purchased during the year.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420292[]' id='answer-id-1628117' class='answer   answerof-420292 ' value='1628117'   \/><label for='answer-id-1628117' id='answer-label-1628117' class=' answer'><span>all materials purchased during the year, even if the materials were not consumed.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-4' style=';'><div id='questionWrap-4'  class='   watupro-question-id-420293'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>4. <\/span>What fund category traditionally accounts for the general services to the public such as public safety, health, transportation, social services and the administration of the government?<\/div><input type='hidden' name='question_id[]' id='qID_4' value='420293' \/><input type='hidden' id='answerType420293' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420293[]' id='answer-id-1628118' class='answer   answerof-420293 ' value='1628118'   \/><label for='answer-id-1628118' id='answer-label-1628118' class=' answer'><span>fiduciary<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420293[]' id='answer-id-1628119' class='answer   answerof-420293 ' value='1628119'   \/><label for='answer-id-1628119' id='answer-label-1628119' class=' answer'><span>governmental<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420293[]' id='answer-id-1628120' class='answer   answerof-420293 ' value='1628120'   \/><label for='answer-id-1628120' id='answer-label-1628120' class=' answer'><span>proprietary<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420293[]' id='answer-id-1628121' class='answer   answerof-420293 ' value='1628121'   \/><label for='answer-id-1628121' id='answer-label-1628121' class=' answer'><span>general<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-5' style=';'><div id='questionWrap-5'  class='   watupro-question-id-420294'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>5. <\/span>A special-purpose government is considered a primary government when it has any of the following characteristics EXCEPT that it<\/div><input type='hidden' name='question_id[]' id='qID_5' value='420294' \/><input type='hidden' id='answerType420294' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420294[]' id='answer-id-1628122' class='answer   answerof-420294 ' value='1628122'   \/><label for='answer-id-1628122' id='answer-label-1628122' class=' answer'><span>relies on revenue projections from another government entity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420294[]' id='answer-id-1628123' class='answer   answerof-420294 ' value='1628123'   \/><label for='answer-id-1628123' id='answer-label-1628123' class=' answer'><span>has the ability to levy taxes.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420294[]' id='answer-id-1628124' class='answer   answerof-420294 ' value='1628124'   \/><label for='answer-id-1628124' id='answer-label-1628124' class=' answer'><span>has a board determined via general election.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420294[]' id='answer-id-1628125' class='answer   answerof-420294 ' value='1628125'   \/><label for='answer-id-1628125' id='answer-label-1628125' class=' answer'><span>provides an ongoing financial benefit to another government entity.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-6' style=';'><div id='questionWrap-6'  class='   watupro-question-id-420295'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>6. <\/span>GASB considers interperiod (intergenerational) equity when<\/div><input type='hidden' name='question_id[]' id='qID_6' value='420295' \/><input type='hidden' id='answerType420295' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420295[]' id='answer-id-1628126' class='answer   answerof-420295 ' value='1628126'   \/><label for='answer-id-1628126' id='answer-label-1628126' class=' answer'><span>evaluating grant recipient awards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420295[]' id='answer-id-1628127' class='answer   answerof-420295 ' value='1628127'   \/><label for='answer-id-1628127' id='answer-label-1628127' class=' answer'><span>performing historical trend analysis.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420295[]' id='answer-id-1628128' class='answer   answerof-420295 ' value='1628128'   \/><label for='answer-id-1628128' id='answer-label-1628128' class=' answer'><span>issuing financial reporting guidelines.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420295[]' id='answer-id-1628129' class='answer   answerof-420295 ' value='1628129'   \/><label for='answer-id-1628129' id='answer-label-1628129' class=' answer'><span>selecting alternatives in budgeting procedures.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-7' style=';'><div id='questionWrap-7'  class='   watupro-question-id-420296'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>7. <\/span>An agency offers service for a fee; bad debts have historically averaged 5% of each year's fee revenue. During the past fiscal year, $1.1 million in fee revenue was recorded and $1 million in fees was collected. <br \/>\r<br>What is the bad debt expense recorded for the past fiscal year?<\/div><input type='hidden' name='question_id[]' id='qID_7' value='420296' \/><input type='hidden' id='answerType420296' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420296[]' id='answer-id-1628130' class='answer   answerof-420296 ' value='1628130'   \/><label for='answer-id-1628130' id='answer-label-1628130' class=' answer'><span>$ 5.000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420296[]' id='answer-id-1628131' class='answer   answerof-420296 ' value='1628131'   \/><label for='answer-id-1628131' id='answer-label-1628131' class=' answer'><span>$ 50.000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420296[]' id='answer-id-1628132' class='answer   answerof-420296 ' value='1628132'   \/><label for='answer-id-1628132' id='answer-label-1628132' class=' answer'><span>$ 55.000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420296[]' id='answer-id-1628133' class='answer   answerof-420296 ' value='1628133'   \/><label for='answer-id-1628133' id='answer-label-1628133' class=' answer'><span>$100,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-8' style=';'><div id='questionWrap-8'  class='   watupro-question-id-420297'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>8. <\/span>A local government is evaluating different financing options for an upcoming capital project. <br \/>\r<br>Which of the following debt instruments will typically offer the lowest interest rate?<\/div><input type='hidden' name='question_id[]' id='qID_8' value='420297' \/><input type='hidden' id='answerType420297' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420297[]' id='answer-id-1628134' class='answer   answerof-420297 ' value='1628134'   \/><label for='answer-id-1628134' id='answer-label-1628134' class=' answer'><span>commercial paper<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420297[]' id='answer-id-1628135' class='answer   answerof-420297 ' value='1628135'   \/><label for='answer-id-1628135' id='answer-label-1628135' class=' answer'><span>general obligation bonds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420297[]' id='answer-id-1628136' class='answer   answerof-420297 ' value='1628136'   \/><label for='answer-id-1628136' id='answer-label-1628136' class=' answer'><span>revenue bonds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420297[]' id='answer-id-1628137' class='answer   answerof-420297 ' value='1628137'   \/><label for='answer-id-1628137' id='answer-label-1628137' class=' answer'><span>certificate of deposit<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-9' style=';'><div id='questionWrap-9'  class='   watupro-question-id-420298'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>9. <\/span>A city issues S100,000 of 10-year general obligation bonds on April 1, 2024. Debt service of $10,000 must be paid each year on March 31, with 5% interest paid on the unpaid balance. <br \/>\r<br>Based upon this information, the interest expense reported on the government-wide statement for fiscal year ending March 31, 2025, is<\/div><input type='hidden' name='question_id[]' id='qID_9' value='420298' \/><input type='hidden' id='answerType420298' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420298[]' id='answer-id-1628138' class='answer   answerof-420298 ' value='1628138'   \/><label for='answer-id-1628138' id='answer-label-1628138' class=' answer'><span>$ 3,750.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420298[]' id='answer-id-1628139' class='answer   answerof-420298 ' value='1628139'   \/><label for='answer-id-1628139' id='answer-label-1628139' class=' answer'><span>$ 4,500.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420298[]' id='answer-id-1628140' class='answer   answerof-420298 ' value='1628140'   \/><label for='answer-id-1628140' id='answer-label-1628140' class=' answer'><span>$5,000.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420298[]' id='answer-id-1628141' class='answer   answerof-420298 ' value='1628141'   \/><label for='answer-id-1628141' id='answer-label-1628141' class=' answer'><span>$15.000.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-10' style=';'><div id='questionWrap-10'  class='   watupro-question-id-420299'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>10. <\/span>An agency is developing a lee for services to cover all direct operating expenditures. <br \/>\r<br>Which of the following should be included in the fee calculation?<\/div><input type='hidden' name='question_id[]' id='qID_10' value='420299' \/><input type='hidden' id='answerType420299' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420299[]' id='answer-id-1628142' class='answer   answerof-420299 ' value='1628142'   \/><label for='answer-id-1628142' id='answer-label-1628142' class=' answer'><span>supplies, equipment depreciation, staffing<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420299[]' id='answer-id-1628143' class='answer   answerof-420299 ' value='1628143'   \/><label for='answer-id-1628143' id='answer-label-1628143' class=' answer'><span>staffing, location rent, equipment depreciation<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420299[]' id='answer-id-1628144' class='answer   answerof-420299 ' value='1628144'   \/><label for='answer-id-1628144' id='answer-label-1628144' class=' answer'><span>supplies, equipment depreciation, location rent<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420299[]' id='answer-id-1628145' class='answer   answerof-420299 ' value='1628145'   \/><label for='answer-id-1628145' id='answer-label-1628145' class=' answer'><span>staffing, location rent, supplies<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-11' style=';'><div id='questionWrap-11'  class='   watupro-question-id-420300'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>11. <\/span>The Prompt Payment Act requires federal agencies to<\/div><input type='hidden' name='question_id[]' id='qID_11' value='420300' \/><input type='hidden' id='answerType420300' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420300[]' id='answer-id-1628146' class='answer   answerof-420300 ' value='1628146'   \/><label for='answer-id-1628146' id='answer-label-1628146' class=' answer'><span>pay invoices when received.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420300[]' id='answer-id-1628147' class='answer   answerof-420300 ' value='1628147'   \/><label for='answer-id-1628147' id='answer-label-1628147' class=' answer'><span>take discounts when economically justified.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420300[]' id='answer-id-1628148' class='answer   answerof-420300 ' value='1628148'   \/><label for='answer-id-1628148' id='answer-label-1628148' class=' answer'><span>pay invoices no later than sixty days from receiving the invoice.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420300[]' id='answer-id-1628149' class='answer   answerof-420300 ' value='1628149'   \/><label for='answer-id-1628149' id='answer-label-1628149' class=' answer'><span>pay invoices by the invoice due date.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-12' style=';'><div id='questionWrap-12'  class='   watupro-question-id-420301'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>12. <\/span>Based on FASAB standards, calculate the full cost of 1 unit of an output using the following information: <br \/>\r<br><br><img decoding=\"async\" width=503 height=268 id=\"\u56fe\u7247 4\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2025\/08\/image001-9.jpg\"><br><\/div><input type='hidden' name='question_id[]' id='qID_12' value='420301' \/><input type='hidden' id='answerType420301' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420301[]' id='answer-id-1628150' class='answer   answerof-420301 ' value='1628150'   \/><label for='answer-id-1628150' id='answer-label-1628150' class=' answer'><span>$ 3,989,400<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420301[]' id='answer-id-1628151' class='answer   answerof-420301 ' value='1628151'   \/><label for='answer-id-1628151' id='answer-label-1628151' class=' answer'><span>$ 4,909,400<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420301[]' id='answer-id-1628152' class='answer   answerof-420301 ' value='1628152'   \/><label for='answer-id-1628152' id='answer-label-1628152' class=' answer'><span>$ 5,029,400<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420301[]' id='answer-id-1628153' class='answer   answerof-420301 ' value='1628153'   \/><label for='answer-id-1628153' id='answer-label-1628153' class=' answer'><span>$25,147,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-13' style=';'><div id='questionWrap-13'  class='   watupro-question-id-420302'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>13. <\/span>For state and local governments, a fund that is legally restricted to the use of earnings with the principal protected is<\/div><input type='hidden' name='question_id[]' id='qID_13' value='420302' \/><input type='hidden' id='answerType420302' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420302[]' id='answer-id-1628154' class='answer   answerof-420302 ' value='1628154'   \/><label for='answer-id-1628154' id='answer-label-1628154' class=' answer'><span>an enterprise fund.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420302[]' id='answer-id-1628155' class='answer   answerof-420302 ' value='1628155'   \/><label for='answer-id-1628155' id='answer-label-1628155' class=' answer'><span>a permanent fund.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420302[]' id='answer-id-1628156' class='answer   answerof-420302 ' value='1628156'   \/><label for='answer-id-1628156' id='answer-label-1628156' class=' answer'><span>an internal service fund.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420302[]' id='answer-id-1628157' class='answer   answerof-420302 ' value='1628157'   \/><label for='answer-id-1628157' id='answer-label-1628157' class=' answer'><span>a general fund.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-14' style=';'><div id='questionWrap-14'  class='   watupro-question-id-420303'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>14. <\/span>Using the cost recovery method of recognizing revenue, premiums are recognized as revenue<\/div><input type='hidden' name='question_id[]' id='qID_14' value='420303' \/><input type='hidden' id='answerType420303' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420303[]' id='answer-id-1628158' class='answer   answerof-420303 ' value='1628158'   \/><label for='answer-id-1628158' id='answer-label-1628158' class=' answer'><span>once the ultimate premium can be reasonably estimated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420303[]' id='answer-id-1628159' class='answer   answerof-420303 ' value='1628159'   \/><label for='answer-id-1628159' id='answer-label-1628159' class=' answer'><span>throughout the duration of the policy when claim costs are incurred.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420303[]' id='answer-id-1628160' class='answer   answerof-420303 ' value='1628160'   \/><label for='answer-id-1628160' id='answer-label-1628160' class=' answer'><span>when received.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420303[]' id='answer-id-1628161' class='answer   answerof-420303 ' value='1628161'   \/><label for='answer-id-1628161' id='answer-label-1628161' class=' answer'><span>when the policy takes effect.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-15' style=';'><div id='questionWrap-15'  class='   watupro-question-id-420304'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>15. <\/span>Which of the following revenue sources is an exchange-like transaction?<\/div><input type='hidden' name='question_id[]' id='qID_15' value='420304' \/><input type='hidden' id='answerType420304' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420304[]' id='answer-id-1628162' class='answer   answerof-420304 ' value='1628162'   \/><label for='answer-id-1628162' id='answer-label-1628162' class=' answer'><span>income taxes<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420304[]' id='answer-id-1628163' class='answer   answerof-420304 ' value='1628163'   \/><label for='answer-id-1628163' id='answer-label-1628163' class=' answer'><span>operating permits<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420304[]' id='answer-id-1628164' class='answer   answerof-420304 ' value='1628164'   \/><label for='answer-id-1628164' id='answer-label-1628164' class=' answer'><span>fines<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420304[]' id='answer-id-1628165' class='answer   answerof-420304 ' value='1628165'   \/><label for='answer-id-1628165' id='answer-label-1628165' class=' answer'><span>grants<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-16' style=';'><div id='questionWrap-16'  class='   watupro-question-id-420305'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>16. <\/span>Which of the following situations may cause contingent liabilities?<\/div><input type='hidden' name='question_id[]' id='qID_16' value='420305' \/><input type='hidden' id='answerType420305' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420305[]' id='answer-id-1628166' class='answer   answerof-420305 ' value='1628166'   \/><label for='answer-id-1628166' id='answer-label-1628166' class=' answer'><span>loss on the sale of an asset<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420305[]' id='answer-id-1628167' class='answer   answerof-420305 ' value='1628167'   \/><label for='answer-id-1628167' id='answer-label-1628167' class=' answer'><span>building with asbestos<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420305[]' id='answer-id-1628168' class='answer   answerof-420305 ' value='1628168'   \/><label for='answer-id-1628168' id='answer-label-1628168' class=' answer'><span>impairment of an asset<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420305[]' id='answer-id-1628169' class='answer   answerof-420305 ' value='1628169'   \/><label for='answer-id-1628169' id='answer-label-1628169' class=' answer'><span>unrealized loss<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-17' style=';'><div id='questionWrap-17'  class='   watupro-question-id-420306'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>17. <\/span>If a capital project has an estimated life of 30 years, which financing method is designed to impose the cost of the project on the generation who benefits from it?<\/div><input type='hidden' name='question_id[]' id='qID_17' value='420306' \/><input type='hidden' id='answerType420306' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420306[]' id='answer-id-1628170' class='answer   answerof-420306 ' value='1628170'   \/><label for='answer-id-1628170' id='answer-label-1628170' class=' answer'><span>30-year serial bonds<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420306[]' id='answer-id-1628171' class='answer   answerof-420306 ' value='1628171'   \/><label for='answer-id-1628171' id='answer-label-1628171' class=' answer'><span>30-year term bonds, without a sinking fund<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420306[]' id='answer-id-1628172' class='answer   answerof-420306 ' value='1628172'   \/><label for='answer-id-1628172' id='answer-label-1628172' class=' answer'><span>30-year zero-coupon bonds, without a sinking fund<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420306[]' id='answer-id-1628173' class='answer   answerof-420306 ' value='1628173'   \/><label for='answer-id-1628173' id='answer-label-1628173' class=' answer'><span>pay-as-you-go financing<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-18' style=';'><div id='questionWrap-18'  class='   watupro-question-id-420307'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>18. <\/span>According to GASB, when should landfill closure and post-closure costs be recognized?<\/div><input type='hidden' name='question_id[]' id='qID_18' value='420307' \/><input type='hidden' id='answerType420307' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420307[]' id='answer-id-1628174' class='answer   answerof-420307 ' value='1628174'   \/><label for='answer-id-1628174' id='answer-label-1628174' class=' answer'><span>every five years until the landfill is closed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420307[]' id='answer-id-1628175' class='answer   answerof-420307 ' value='1628175'   \/><label for='answer-id-1628175' id='answer-label-1628175' class=' answer'><span>when the landfill is closed<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420307[]' id='answer-id-1628176' class='answer   answerof-420307 ' value='1628176'   \/><label for='answer-id-1628176' id='answer-label-1628176' class=' answer'><span>when payments for costs are made<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420307[]' id='answer-id-1628177' class='answer   answerof-420307 ' value='1628177'   \/><label for='answer-id-1628177' id='answer-label-1628177' class=' answer'><span>each year the landfill is operating<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-19' style=';'><div id='questionWrap-19'  class='   watupro-question-id-420308'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>19. <\/span>Which of the following events requires both a proprietary and a budgetary accounting entry?<\/div><input type='hidden' name='question_id[]' id='qID_19' value='420308' \/><input type='hidden' id='answerType420308' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420308[]' id='answer-id-1628178' class='answer   answerof-420308 ' value='1628178'   \/><label for='answer-id-1628178' id='answer-label-1628178' class=' answer'><span>A contracting officer signs a contract to buy printers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420308[]' id='answer-id-1628179' class='answer   answerof-420308 ' value='1628179'   \/><label for='answer-id-1628179' id='answer-label-1628179' class=' answer'><span>A contracting officer's representative receives delivery of previously ordered printers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420308[]' id='answer-id-1628180' class='answer   answerof-420308 ' value='1628180'   \/><label for='answer-id-1628180' id='answer-label-1628180' class=' answer'><span>A funds certifying official commits resources to order printers.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420308[]' id='answer-id-1628181' class='answer   answerof-420308 ' value='1628181'   \/><label for='answer-id-1628181' id='answer-label-1628181' class=' answer'><span>A budget officer allots resources to a program office to buy printers.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-20' style=';'><div id='questionWrap-20'  class='   watupro-question-id-420309'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>20. <\/span>The quarterly inventory record below has been provided for use in preparing the organization's financial statements. <br \/>\r<br>Based upon the information provided, what method of inventory valuation is used by the organization? <br \/>\r<br><br><img decoding=\"async\" width=649 height=276 id=\"\u56fe\u7247 3\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/uploads\/2025\/08\/image002-8.jpg\"><br><\/div><input type='hidden' name='question_id[]' id='qID_20' value='420309' \/><input type='hidden' id='answerType420309' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420309[]' id='answer-id-1628182' class='answer   answerof-420309 ' value='1628182'   \/><label for='answer-id-1628182' id='answer-label-1628182' class=' answer'><span>FIFO<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420309[]' id='answer-id-1628183' class='answer   answerof-420309 ' value='1628183'   \/><label for='answer-id-1628183' id='answer-label-1628183' class=' answer'><span>average cost<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420309[]' id='answer-id-1628184' class='answer   answerof-420309 ' value='1628184'   \/><label for='answer-id-1628184' id='answer-label-1628184' class=' answer'><span>LIFO<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420309[]' id='answer-id-1628185' class='answer   answerof-420309 ' value='1628185'   \/><label for='answer-id-1628185' id='answer-label-1628185' class=' answer'><span>net weight scale<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-21' style=';'><div id='questionWrap-21'  class='   watupro-question-id-420310'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>21. <\/span>Which of the following federal collections are typically accounted for in a deposit fund?<\/div><input type='hidden' name='question_id[]' id='qID_21' value='420310' \/><input type='hidden' id='answerType420310' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420310[]' id='answer-id-1628186' class='answer   answerof-420310 ' value='1628186'   \/><label for='answer-id-1628186' id='answer-label-1628186' class=' answer'><span>general tax receipts funding government operations overall (e.g., personal income taxes)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420310[]' id='answer-id-1628187' class='answer   answerof-420310 ' value='1628187'   \/><label for='answer-id-1628187' id='answer-label-1628187' class=' answer'><span>taxes dedicated to a specific purpose (e.g., gasoline taxes funding highway projects)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420310[]' id='answer-id-1628188' class='answer   answerof-420310 ' value='1628188'   \/><label for='answer-id-1628188' id='answer-label-1628188' class=' answer'><span>funds held temporarily until ownership is determined (e.g., earnest money paid by bidders)<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420310[]' id='answer-id-1628189' class='answer   answerof-420310 ' value='1628189'   \/><label for='answer-id-1628189' id='answer-label-1628189' class=' answer'><span>exchange revenues collected to finance a continuing cycle of business-type operations (e.g., revenue paid to service centers)<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-22' style=';'><div id='questionWrap-22'  class='   watupro-question-id-420311'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>22. <\/span>The Government Management Reform Act of 1994 amended the CFO Act of 1990 to require<\/div><input type='hidden' name='question_id[]' id='qID_22' value='420311' \/><input type='hidden' id='answerType420311' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420311[]' id='answer-id-1628190' class='answer   answerof-420311 ' value='1628190'   \/><label for='answer-id-1628190' id='answer-label-1628190' class=' answer'><span>unmodified audit opinions of the executive department financial statements.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420311[]' id='answer-id-1628191' class='answer   answerof-420311 ' value='1628191'   \/><label for='answer-id-1628191' id='answer-label-1628191' class=' answer'><span>audited financial statements of the executive departments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420311[]' id='answer-id-1628192' class='answer   answerof-420311 ' value='1628192'   \/><label for='answer-id-1628192' id='answer-label-1628192' class=' answer'><span>quarterly financial statements of executive departments.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420311[]' id='answer-id-1628193' class='answer   answerof-420311 ' value='1628193'   \/><label for='answer-id-1628193' id='answer-label-1628193' class=' answer'><span>OMB approval of executive department financial statements.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-23' style=';'><div id='questionWrap-23'  class='   watupro-question-id-420312'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>23. <\/span>The purpose for establishing a custodial fund is to<\/div><input type='hidden' name='question_id[]' id='qID_23' value='420312' \/><input type='hidden' id='answerType420312' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420312[]' id='answer-id-1628194' class='answer   answerof-420312 ' value='1628194'   \/><label for='answer-id-1628194' id='answer-label-1628194' class=' answer'><span>account for assets held in a trustee capacity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420312[]' id='answer-id-1628195' class='answer   answerof-420312 ' value='1628195'   \/><label for='answer-id-1628195' id='answer-label-1628195' class=' answer'><span>accumulate resources for payment of debt.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420312[]' id='answer-id-1628196' class='answer   answerof-420312 ' value='1628196'   \/><label for='answer-id-1628196' id='answer-label-1628196' class=' answer'><span>track financial resources to be used for acquisition of capital facilities.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420312[]' id='answer-id-1628197' class='answer   answerof-420312 ' value='1628197'   \/><label for='answer-id-1628197' id='answer-label-1628197' class=' answer'><span>provide services to the public on a fee basis.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-24' style=';'><div id='questionWrap-24'  class='   watupro-question-id-420313'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>24. <\/span>The process in the budget where OMB communicates to agencies what it will recommend to the president is called<\/div><input type='hidden' name='question_id[]' id='qID_24' value='420313' \/><input type='hidden' id='answerType420313' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420313[]' id='answer-id-1628198' class='answer   answerof-420313 ' value='1628198'   \/><label for='answer-id-1628198' id='answer-label-1628198' class=' answer'><span>pass back.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420313[]' id='answer-id-1628199' class='answer   answerof-420313 ' value='1628199'   \/><label for='answer-id-1628199' id='answer-label-1628199' class=' answer'><span>allotment<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420313[]' id='answer-id-1628200' class='answer   answerof-420313 ' value='1628200'   \/><label for='answer-id-1628200' id='answer-label-1628200' class=' answer'><span>rescission.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420313[]' id='answer-id-1628201' class='answer   answerof-420313 ' value='1628201'   \/><label for='answer-id-1628201' id='answer-label-1628201' class=' answer'><span>apportionment.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-25' style=';'><div id='questionWrap-25'  class='   watupro-question-id-420314'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>25. <\/span>The objectives of federal financial reporting include all of the following EXCEPT<\/div><input type='hidden' name='question_id[]' id='qID_25' value='420314' \/><input type='hidden' id='answerType420314' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420314[]' id='answer-id-1628202' class='answer   answerof-420314 ' value='1628202'   \/><label for='answer-id-1628202' id='answer-label-1628202' class=' answer'><span>systems and control.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420314[]' id='answer-id-1628203' class='answer   answerof-420314 ' value='1628203'   \/><label for='answer-id-1628203' id='answer-label-1628203' class=' answer'><span>budgetary integrity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420314[]' id='answer-id-1628204' class='answer   answerof-420314 ' value='1628204'   \/><label for='answer-id-1628204' id='answer-label-1628204' class=' answer'><span>mission readiness.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420314[]' id='answer-id-1628205' class='answer   answerof-420314 ' value='1628205'   \/><label for='answer-id-1628205' id='answer-label-1628205' class=' answer'><span>stewardship.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-26' style=';'><div id='questionWrap-26'  class='   watupro-question-id-420315'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>26. <\/span>What is the entry when rent of $500 is paid?<\/div><input type='hidden' name='question_id[]' id='qID_26' value='420315' \/><input type='hidden' id='answerType420315' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420315[]' id='answer-id-1628206' class='answer   answerof-420315 ' value='1628206'   \/><label for='answer-id-1628206' id='answer-label-1628206' class=' answer'><span>debit cash $500, credit payables $500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420315[]' id='answer-id-1628207' class='answer   answerof-420315 ' value='1628207'   \/><label for='answer-id-1628207' id='answer-label-1628207' class=' answer'><span>debit cash $500, credit expense $500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420315[]' id='answer-id-1628208' class='answer   answerof-420315 ' value='1628208'   \/><label for='answer-id-1628208' id='answer-label-1628208' class=' answer'><span>debit expense S500, credit payables $500<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420315[]' id='answer-id-1628209' class='answer   answerof-420315 ' value='1628209'   \/><label for='answer-id-1628209' id='answer-label-1628209' class=' answer'><span>debit expense $500, credit cash $500<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-27' style=';'><div id='questionWrap-27'  class='   watupro-question-id-420316'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>27. <\/span>Government, public, private and not-for-profit entities all share which common goal of financial reporting?<\/div><input type='hidden' name='question_id[]' id='qID_27' value='420316' \/><input type='hidden' id='answerType420316' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420316[]' id='answer-id-1628210' class='answer   answerof-420316 ' value='1628210'   \/><label for='answer-id-1628210' id='answer-label-1628210' class=' answer'><span>provide users with decision support<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420316[]' id='answer-id-1628211' class='answer   answerof-420316 ' value='1628211'   \/><label for='answer-id-1628211' id='answer-label-1628211' class=' answer'><span>provide users with the current status of the entity<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420316[]' id='answer-id-1628212' class='answer   answerof-420316 ' value='1628212'   \/><label for='answer-id-1628212' id='answer-label-1628212' class=' answer'><span>inform users about the ability of the entity to generate revenue<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420316[]' id='answer-id-1628213' class='answer   answerof-420316 ' value='1628213'   \/><label for='answer-id-1628213' id='answer-label-1628213' class=' answer'><span>demonstrate the nature of cash receipts and disbursements<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-28' style=';'><div id='questionWrap-28'  class='   watupro-question-id-420317'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>28. <\/span>The unobligated balance of an appropriation is equal to the total unexpended appropriation, less the total amounts<\/div><input type='hidden' name='question_id[]' id='qID_28' value='420317' \/><input type='hidden' id='answerType420317' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420317[]' id='answer-id-1628214' class='answer   answerof-420317 ' value='1628214'   \/><label for='answer-id-1628214' id='answer-label-1628214' class=' answer'><span>obligated.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420317[]' id='answer-id-1628215' class='answer   answerof-420317 ' value='1628215'   \/><label for='answer-id-1628215' id='answer-label-1628215' class=' answer'><span>allotted.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420317[]' id='answer-id-1628216' class='answer   answerof-420317 ' value='1628216'   \/><label for='answer-id-1628216' id='answer-label-1628216' class=' answer'><span>collected.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420317[]' id='answer-id-1628217' class='answer   answerof-420317 ' value='1628217'   \/><label for='answer-id-1628217' id='answer-label-1628217' class=' answer'><span>apportioned.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-29' style=';'><div id='questionWrap-29'  class='   watupro-question-id-420318'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>29. <\/span>A legally separate organization for which the elected officials of the primary government are financially accountable describes a<\/div><input type='hidden' name='question_id[]' id='qID_29' value='420318' \/><input type='hidden' id='answerType420318' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420318[]' id='answer-id-1628218' class='answer   answerof-420318 ' value='1628218'   \/><label for='answer-id-1628218' id='answer-label-1628218' class=' answer'><span>fiscally dependent organization.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420318[]' id='answer-id-1628219' class='answer   answerof-420318 ' value='1628219'   \/><label for='answer-id-1628219' id='answer-label-1628219' class=' answer'><span>component unit.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420318[]' id='answer-id-1628220' class='answer   answerof-420318 ' value='1628220'   \/><label for='answer-id-1628220' id='answer-label-1628220' class=' answer'><span>joint venture entity.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420318[]' id='answer-id-1628221' class='answer   answerof-420318 ' value='1628221'   \/><label for='answer-id-1628221' id='answer-label-1628221' class=' answer'><span>jointly governed organization.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-30' style=';'><div id='questionWrap-30'  class='   watupro-question-id-420319'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>30. <\/span>A private bank provides a student loan that the government has insured against default. This is an example of<\/div><input type='hidden' name='question_id[]' id='qID_30' value='420319' \/><input type='hidden' id='answerType420319' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420319[]' id='answer-id-1628222' class='answer   answerof-420319 ' value='1628222'   \/><label for='answer-id-1628222' id='answer-label-1628222' class=' answer'><span>loan insurance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420319[]' id='answer-id-1628223' class='answer   answerof-420319 ' value='1628223'   \/><label for='answer-id-1628223' id='answer-label-1628223' class=' answer'><span>a loan guarantee.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420319[]' id='answer-id-1628224' class='answer   answerof-420319 ' value='1628224'   \/><label for='answer-id-1628224' id='answer-label-1628224' class=' answer'><span>a secured loan.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420319[]' id='answer-id-1628225' class='answer   answerof-420319 ' value='1628225'   \/><label for='answer-id-1628225' id='answer-label-1628225' class=' answer'><span>a Pell Grant.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-31' style=';'><div id='questionWrap-31'  class='   watupro-question-id-420320'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>31. <\/span>Which of the following government-wide financial statements are required for state and local governments?<\/div><input type='hidden' name='question_id[]' id='qID_31' value='420320' \/><input type='hidden' id='answerType420320' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420320[]' id='answer-id-1628226' class='answer   answerof-420320 ' value='1628226'   \/><label for='answer-id-1628226' id='answer-label-1628226' class=' answer'><span>balance sheet and operating statement<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420320[]' id='answer-id-1628227' class='answer   answerof-420320 ' value='1628227'   \/><label for='answer-id-1628227' id='answer-label-1628227' class=' answer'><span>statement of net position and statement of changes in net position<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420320[]' id='answer-id-1628228' class='answer   answerof-420320 ' value='1628228'   \/><label for='answer-id-1628228' id='answer-label-1628228' class=' answer'><span>statement of net position and statement of activities<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420320[]' id='answer-id-1628229' class='answer   answerof-420320 ' value='1628229'   \/><label for='answer-id-1628229' id='answer-label-1628229' class=' answer'><span>statement of net position, statement of activities, and statement of cash flows<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-32' style=';'><div id='questionWrap-32'  class='   watupro-question-id-420321'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>32. <\/span>What role do the U.S. Department of the Treasury, GAO and OMB have in the standard-setting activities of FASAB?<\/div><input type='hidden' name='question_id[]' id='qID_32' value='420321' \/><input type='hidden' id='answerType420321' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420321[]' id='answer-id-1628230' class='answer   answerof-420321 ' value='1628230'   \/><label for='answer-id-1628230' id='answer-label-1628230' class=' answer'><span>They are all non-voting advisory board members of FASA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420321[]' id='answer-id-1628231' class='answer   answerof-420321 ' value='1628231'   \/><label for='answer-id-1628231' id='answer-label-1628231' class=' answer'><span>They are all members with authority to veto any standard approved by FASA<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420321[]' id='answer-id-1628232' class='answer   answerof-420321 ' value='1628232'   \/><label for='answer-id-1628232' id='answer-label-1628232' class=' answer'><span>They are all members whose agencies may be exempt from FASAB standards.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420321[]' id='answer-id-1628233' class='answer   answerof-420321 ' value='1628233'   \/><label for='answer-id-1628233' id='answer-label-1628233' class=' answer'><span>They are all sponsors and voting members of FASA<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-33' style=';'><div id='questionWrap-33'  class='   watupro-question-id-420322'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>33. <\/span>An independent school district completed construction on a new high school during the current fiscal year. The amount paid to the construction manager was $900,000 and the amount paid to the architect was $100,000. The entity depreciates buildings over 50 years, using the straight line, half-year depreciation method. <br \/>\r<br>What is the amount reported on the Statement of Activities in the current fiscal year?<\/div><input type='hidden' name='question_id[]' id='qID_33' value='420322' \/><input type='hidden' id='answerType420322' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420322[]' id='answer-id-1628234' class='answer   answerof-420322 ' value='1628234'   \/><label for='answer-id-1628234' id='answer-label-1628234' class=' answer'><span>$9,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420322[]' id='answer-id-1628235' class='answer   answerof-420322 ' value='1628235'   \/><label for='answer-id-1628235' id='answer-label-1628235' class=' answer'><span>$10,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420322[]' id='answer-id-1628236' class='answer   answerof-420322 ' value='1628236'   \/><label for='answer-id-1628236' id='answer-label-1628236' class=' answer'><span>$20,000<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420322[]' id='answer-id-1628237' class='answer   answerof-420322 ' value='1628237'   \/><label for='answer-id-1628237' id='answer-label-1628237' class=' answer'><span>$1,000,000<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-34' style=';'><div id='questionWrap-34'  class='   watupro-question-id-420323'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>34. <\/span>Which type of cost is generally allowed for a grant under the OMB Uniform Guidance?<\/div><input type='hidden' name='question_id[]' id='qID_34' value='420323' \/><input type='hidden' id='answerType420323' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420323[]' id='answer-id-1628238' class='answer   answerof-420323 ' value='1628238'   \/><label for='answer-id-1628238' id='answer-label-1628238' class=' answer'><span>interest payments<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420323[]' id='answer-id-1628239' class='answer   answerof-420323 ' value='1628239'   \/><label for='answer-id-1628239' id='answer-label-1628239' class=' answer'><span>general government expenses<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420323[]' id='answer-id-1628240' class='answer   answerof-420323 ' value='1628240'   \/><label for='answer-id-1628240' id='answer-label-1628240' class=' answer'><span>materials and supplies<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420323[]' id='answer-id-1628241' class='answer   answerof-420323 ' value='1628241'   \/><label for='answer-id-1628241' id='answer-label-1628241' class=' answer'><span>lobbying expenses<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-35' style=';'><div id='questionWrap-35'  class='   watupro-question-id-420324'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>35. <\/span>All the following are required financial statement reporting on governmental funds EXCEPT<\/div><input type='hidden' name='question_id[]' id='qID_35' value='420324' \/><input type='hidden' id='answerType420324' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420324[]' id='answer-id-1628242' class='answer   answerof-420324 ' value='1628242'   \/><label for='answer-id-1628242' id='answer-label-1628242' class=' answer'><span>the balance sheet.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420324[]' id='answer-id-1628243' class='answer   answerof-420324 ' value='1628243'   \/><label for='answer-id-1628243' id='answer-label-1628243' class=' answer'><span>the operating statement.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420324[]' id='answer-id-1628244' class='answer   answerof-420324 ' value='1628244'   \/><label for='answer-id-1628244' id='answer-label-1628244' class=' answer'><span>expenditures and changes in fund balance.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420324[]' id='answer-id-1628245' class='answer   answerof-420324 ' value='1628245'   \/><label for='answer-id-1628245' id='answer-label-1628245' class=' answer'><span>statement of cash flows.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-36' style=';'><div id='questionWrap-36'  class='   watupro-question-id-420325'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>36. <\/span>Which federal agency activities would most likely use a trust fund to account for funds received and paid?<\/div><input type='hidden' name='question_id[]' id='qID_36' value='420325' \/><input type='hidden' id='answerType420325' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420325[]' id='answer-id-1628246' class='answer   answerof-420325 ' value='1628246'   \/><label for='answer-id-1628246' id='answer-label-1628246' class=' answer'><span>general government programs receiving annual appropriations<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420325[]' id='answer-id-1628247' class='answer   answerof-420325 ' value='1628247'   \/><label for='answer-id-1628247' id='answer-label-1628247' class=' answer'><span>provisions of benefits, goods or services financed by specific revenue sources<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420325[]' id='answer-id-1628248' class='answer   answerof-420325 ' value='1628248'   \/><label for='answer-id-1628248' id='answer-label-1628248' class=' answer'><span>business-type operations financed by exchange revenues<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420325[]' id='answer-id-1628249' class='answer   answerof-420325 ' value='1628249'   \/><label for='answer-id-1628249' id='answer-label-1628249' class=' answer'><span>grant programs distributing funds awarded in prior years<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-37' style=';'><div id='questionWrap-37'  class='   watupro-question-id-420326'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>37. <\/span>A budget document that lists the budget by social services, affordable housing and supplies includes which of the following significant elements?<\/div><input type='hidden' name='question_id[]' id='qID_37' value='420326' \/><input type='hidden' id='answerType420326' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420326[]' id='answer-id-1628250' class='answer   answerof-420326 ' value='1628250'   \/><label for='answer-id-1628250' id='answer-label-1628250' class=' answer'><span>function, program, object class<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420326[]' id='answer-id-1628251' class='answer   answerof-420326 ' value='1628251'   \/><label for='answer-id-1628251' id='answer-label-1628251' class=' answer'><span>organizational unit, program, category<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420326[]' id='answer-id-1628252' class='answer   answerof-420326 ' value='1628252'   \/><label for='answer-id-1628252' id='answer-label-1628252' class=' answer'><span>function, category, object class<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420326[]' id='answer-id-1628253' class='answer   answerof-420326 ' value='1628253'   \/><label for='answer-id-1628253' id='answer-label-1628253' class=' answer'><span>program, function, category<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-38' style=';'><div id='questionWrap-38'  class='   watupro-question-id-420327'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>38. <\/span>A federal entity would record a payment of a payable in which of the following journal entries?<\/div><input type='hidden' name='question_id[]' id='qID_38' value='420327' \/><input type='hidden' id='answerType420327' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420327[]' id='answer-id-1628254' class='answer   answerof-420327 ' value='1628254'   \/><label for='answer-id-1628254' id='answer-label-1628254' class=' answer'><span>Debit Undelivered Order-Obligations, Unpaid \r\nCredit Delivered Orders-Obligations, Paid Debit Accounts Payable \r\nCredit Fund Balance with Treasury<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420327[]' id='answer-id-1628255' class='answer   answerof-420327 ' value='1628255'   \/><label for='answer-id-1628255' id='answer-label-1628255' class=' answer'><span>Debit Unapportioned Authorities \r\nCredit Delivered Orders-Obligations, Paid Debit Accounts Payable \r\nCredit Fund Balance with Treasury<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420327[]' id='answer-id-1628256' class='answer   answerof-420327 ' value='1628256'   \/><label for='answer-id-1628256' id='answer-label-1628256' class=' answer'><span>Debit Commitments \r\nCredit Delivered Orders-Obligations, Unpaid Debit Accounts Payable \r\nCredit Fund Balance with Treasury<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420327[]' id='answer-id-1628257' class='answer   answerof-420327 ' value='1628257'   \/><label for='answer-id-1628257' id='answer-label-1628257' class=' answer'><span>Debit Delivered Orders-Obligations. Unpaid \r\nCredit Delivered Orders-Obligations, Paid Debit Accounts Payable \r\nCredit Fund Balance with Treasury<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-39' style=';'><div id='questionWrap-39'  class='   watupro-question-id-420328'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>39. <\/span>A city utilizing a 60-day availability period has a June 30 year-end. It levies property taxes in January that are due in March, which are used to finance the general fund. The city levied S15 million in taxes in the current fiscal year, collecting $12 million during the fiscal year. <br \/>\r<br>In addition, the following amounts were collected in the months after year-end: <br \/>\r<br>July $1,000,000 <br \/>\r<br>September $ 250,000 <br \/>\r<br>How much revenue should the general fund recognize for the fiscal year?<\/div><input type='hidden' name='question_id[]' id='qID_39' value='420328' \/><input type='hidden' id='answerType420328' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420328[]' id='answer-id-1628258' class='answer   answerof-420328 ' value='1628258'   \/><label for='answer-id-1628258' id='answer-label-1628258' class=' answer'><span>$12 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420328[]' id='answer-id-1628259' class='answer   answerof-420328 ' value='1628259'   \/><label for='answer-id-1628259' id='answer-label-1628259' class=' answer'><span>$13 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420328[]' id='answer-id-1628260' class='answer   answerof-420328 ' value='1628260'   \/><label for='answer-id-1628260' id='answer-label-1628260' class=' answer'><span>$13.5 million<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420328[]' id='answer-id-1628261' class='answer   answerof-420328 ' value='1628261'   \/><label for='answer-id-1628261' id='answer-label-1628261' class=' answer'><span>$15 million<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div class='watu-question ' id='question-40' style=';'><div id='questionWrap-40'  class='   watupro-question-id-420329'>\n\t\t\t<div class='question-content'><div><span class='watupro_num'>40. <\/span>1.The Office of Personnel Management provides employee pension benefits for an agency's employees and bills the agency for a portion of the costs. The portion of costs not billed to the agency is an<\/div><input type='hidden' name='question_id[]' id='qID_40' value='420329' \/><input type='hidden' id='answerType420329' value='radio'><!-- end question-content--><\/div><div class='question-choices watupro-choices-columns '><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420329[]' id='answer-id-1628262' class='answer   answerof-420329 ' value='1628262'   \/><label for='answer-id-1628262' id='answer-label-1628262' class=' answer'><span>imputed cost to be recognized by the Office of Personnel Management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420329[]' id='answer-id-1628263' class='answer   answerof-420329 ' value='1628263'   \/><label for='answer-id-1628263' id='answer-label-1628263' class=' answer'><span>inferred cost to be recognized by the Office of Personnel Management.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420329[]' id='answer-id-1628264' class='answer   answerof-420329 ' value='1628264'   \/><label for='answer-id-1628264' id='answer-label-1628264' class=' answer'><span>imputed cost to be recognized by the agency.<\/span><\/label><\/div><div class='watupro-question-choice  ' dir='auto' ><input type='radio' name='answer-420329[]' id='answer-id-1628265' class='answer   answerof-420329 ' value='1628265'   \/><label for='answer-id-1628265' id='answer-label-1628265' class=' answer'><span>inferred cost to be recognized by the agency.<\/span><\/label><\/div><!-- end question-choices--><\/div><!-- end questionWrap--><\/div><\/div><div style='display:none' id='question-41'>\n\t<div class='question-content'>\n\t\t<img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.dumpsbase.com\/freedumps\/wp-content\/plugins\/watupro\/img\/loading.gif\" width=\"16\" height=\"16\" alt=\"Loading...\" title=\"Loading...\" \/>&nbsp;Loading...\t<\/div>\n<\/div>\n\n<br \/>\n\t\n\t\t\t<div class=\"watupro_buttons flex \" id=\"watuPROButtons10627\" >\n\t\t  <div id=\"prev-question\" style=\"display:none;\"><input type=\"button\" value=\"&lt; 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   \t \n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>We have introduced the AGA Certified Government Financial Manager (CGFM) certification and indicated that the CGFM certification requires answering three exams. The Examination 2: Governmental Accounting, Financial Reporting and Budgeting (GAFRB) is one of them. Enhance your preparation for the exam by accessing DumpsBase\u2019s GAFRB dumps (V8.02). The latest dumps enable you to thoroughly prepare [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[18505,18506],"tags":[19493,19506],"class_list":["post-107985","post","type-post","status-publish","format-standard","hentry","category-aga","category-government-financial-manager","tag-cgfm-certification","tag-gafrb-exam-questions"],"_links":{"self":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/107985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/comments?post=107985"}],"version-history":[{"count":1,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/107985\/revisions"}],"predecessor-version":[{"id":107986,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/posts\/107985\/revisions\/107986"}],"wp:attachment":[{"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/media?parent=107985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/categories?post=107985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.dumpsbase.com\/freedumps\/wp-json\/wp\/v2\/tags?post=107985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}