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(Multiple choice)1. To prepare common size statements, what do you do to the financial statement data elements? a. Convert them to amounts per capitab. Present them on a single pagec. Show them as percentages of 100d. Convert them to percentage change data2. Which of the following is considered an asset in computing the quick ratio?a. Supplies inventoryb. Prepaid insurancec. Investments in long term bondsd. Certificates of deposit purchased with an original maturity of 30 days3. Which of the following belongs in the numerator when computing the budgetary cushion of a municipal government?a. Infrastructure assetsb. Unassigned fund balancec. Proceeds of bonds issued for capital construction purposesd. Restricted fund balance4. In computing the program services ratio, which of these expenses would not be considered part of the program service expenses?a. Donated services of an administrative nature, such as legal feesb. Depreciation of equipment used by a programc. Expenses of a program financed from temporarily restricted fundsd. Donated services applicable to a program5. What does the number of days, revenue in a hospital, receivables reveal? a. Its bad debts expense for the yearb. The amount of its charity servicesc. Its accounts receivable collection efficiencyd. The amount of its net patient service revenue6. O verlapping debt is which of the following?a. General obligation debt sold to finance the capital assets of Enterprise Fundsb. Debt sold by a public authority on behalf of a primary governmentc. The proportionate share of debt issued by other governmental units that provide services to the citizens of the governmentd. The portion of total debt issued by a government that is due in future years7. What does the funded ratio show?a. The portion of bonds payable that has been set aside in a debt service reserve fundb. The portion of the pension benefit obligation that is covered by assets available for pension benefitsc. The portion of the future cost of fixed assets that is financed by a new bond issued. The portion of the current year, tax levy collected during the year
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