Senior Government & Nonprofit Accounting

Test your Senior-level Government Nonprofit Accounting skills in Specialized Accounting Areas. This timed assessment evaluates your expertise in Accounting.

Duration: 5 minutes

•40 questions

Time Remaining: 05:00

Progress: 0%

40 questions remaining

Question 1 of 40Assessment

A city contributes more to its OPEB trust than the actuarially determined OPEB expense for the year. How is this entire contribution reported in the governmental funds financial statements?

A. As a deferred outflow of resources.

B. As an expenditure equal to the amount contributed.

C. As a prepaid expense asset on the balance sheet.

D. As an expenditure limited to the OPEB expense amount.

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