Government and Not 7

Government and Not-for-Profit TestWeek 7 Quiz - Chapters 9 & 10 Quiz Started5/24/22 7:49 AM LATE Submitted5/24/22 8:11 AM LATE Due Date5/23/22 9:00 AM StatusNeeds Grading Attempt Score0 out of 30 points Time Elapsed22 minutes out of 2 hours InstructionsThe quiz covers Chapters 9 and 10 and has 15 questions. There is a two-hour time limit. You may take the quiz up to two times. Your highest score will be recorded. Results DisplayedSubmitted Answers, Correct Answers, Feedback, Incorrectly Answered Questions Question 1 2 out of 2 points A proprietary fund of a government has some donor-restricted assets. Which of the following best describes where and how those assets will generally be displayed in the fund's financial statements? Selected Answer: In a separate restricted asset category on the statement of net position. Correct Answer: In a separate restricted asset category on the statement of net position. ResponseFeedback: Good work Question 2 2 out of 2 points Which of the following is NOT a budget typically prepared for an activity accounted for in a proprietary fund? Selected Answer: Appropriation budget. Correct Answer: Appropriation budget. Response Feedback: Good work