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6. Which of the following organizations would most likely meet the criteria to be classified as a non-governmental not-for-profit organization? a. A public school district. b. A privately founded museum. c. A religion-affiliated university. d. A city-administered community service agency. 7. Under the accrual basis of accounting, expenses generally are not recognized until: a. An obligation is incurred that will be paid from currently available financial resources. b. They are paid in cash. c. Goods or services are ordered. d. They are approved by the legislative body. 8. Which of the following either increases or decreases fund balance of the General Fund during the current period? a. Other financing uses. b. Expenses c. Deferred revenues. d. Expenditures. 9. The accrual basis of accounting is used to account for revenues and expenditures reported in the financial statements of: a. Governmental activities at the government-wide level. b. Business-type activities at the government-wide level. c. Proprietary funds. d. All the above. 7. The measurement focus and basis of accounting that should be used for the governmental fund financial statements are: Measurement Focus Basis of Accounting Current financial resources Modified accrual b. Current financial resources Accrual c. Economic resources Modified accrual d. Economic resources Accrual a

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