Multiple Choice
For questions bellow, use the numbers from the following financial statements
required in a county government's CAFR to identify where the account is reported:
1) Government-wide statement: Statement of net position
2) Government-wide statement: Statement of activities
3) Fund statement: Balance sheet-Governmental funds
4) Fund statement: Statement of revenues, expenditures and changes in fund balances-Governmental funds
5) Fund statement: Statement of net position-Proprietary funds
6) Fund statement: Statement of revenues, expenses and changes in net position-Proprietary funds
-On which financial statement(s) are lease obligations of governmental and proprietary funds reported?
A) 1 only
B) 1 and 3
C) 5 only
D) 1 and 5
Correct Answer:

Verified
Correct Answer:
Verified
Q39: Listed bellow the required operating statements for
Q40: In a reconciliation of total governmental fund
Q41: Use the following information to answer
Q42: Use the following information to answer Questions
Q43: Here are financial statements shown in a
Q45: Here is information on the results
Q46: Use the following information to answer Questions
Q47: Use the following information to answer Questions
Q48: A county reports the following balances
Q49: The year-end balance of buildings and equipment