Author Question: Which of the following does NOT use nonprofit accounting guidelines and procedures? a. ... (Read 164 times)

Metfan725 · **on:** Jul 5, 2018

Which of the following does NOT use nonprofit accounting guidelines and procedures?
a. proprietorships
b. hospitals
c. educational institutions
d. churches

Question 2

Which of the following adjustments will not be necessary to covert the measurement focus and basis of accounting found in the governmental funds to the governmental activities reported in the government-wide financial statements?

A. Recording expenses with no corresponding expenditures.
B. Converting when due payables to accrual based payables.
C. Eliminating expenditures with no expense counterparts.
D. Adjusting the fair value of investments.