上海对外经贸大学 高级财务会计学笔记-高级财务会计学（英）chapter 22.docVIP

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AdvancedAccounting,12e(Beamsetal.)

Chapter22AccountingforNot-for-ProfitOrganizations

22.1MultipleChoiceQuestions

1)Whichofthefollowingisnottrue?

A)Anot-for-profitentityoperatesforpurposesotherthantoprovidegoodsorservicesataprofit.

B)Anot-for-profitentitymaybegovernmentalornon-governmental.

C)Anot-for-profitentitymaypossessownershipinterestslikeacorporation.

D)Anot-for-profitentityreceivesresourcesfromresourceproviderswhodonotexpectcommensurateorproportionatepecuniaryreturn.

Answer:C

Objective:LO1

Difficulty:Easy

2)OnJanuary1,2011,aVoluntaryHealthandWelfareOrganization(VHWO)receivesanunconditionalpromisetogive$6,000.Themoneyisnotcollectibleuntil2012.TheVHWOestimatesthat10%ofpledgesareuncollectible.OnJanuary1,2011,theVHWOwillcredit

A)UnrestrictedSupport-Contribution,$6,000.

B)AllowanceforUncollectibleContributions$600,andUnrestrictedSupport-Contribution,$5,400.

C)AllowanceforUncollectibleContributions$600,TemporarilyRestrictedSupport-Contribution,$5,400.

D)AllowanceforUncollectibleContributions$600,ContributionRevenue$5,400.

Answer:C

Objective:LO4

Difficulty:Moderate

3)Anongovernmental,not-for-profitentityissubjectto:

I. GASB

II. FASB

A)Ionly

B)IIonly

C)acombinationofIandIIdependingontheentityspurpose

D)neitherIorII

Answer:B

Objective:LO2

Difficulty:Easy

4)AdonorgivesaVoluntaryHealthandWelfareOrganization(VHWO)$1,000cashthatisrestrictedforaresearchproject.WhataccountdoestheVHWOcreditwhentheVHWOreceivesthemoney?

A)NonoperatingRevenue

B)PermanentlyRestrictedRevenue

C)UnrestrictedSupport

D)TemporarilyRestrictedSupport

Answer:D

Objective:LO4

Difficulty:Moderate

5)ForaVoluntaryHealthandWelfareOrganization,whatentryispreparedwhentherestrictiononacashdonationismet?

A