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 principal payments made by governmental funds reported?
A) 2 only
B) 4 only
C) 2 and 4
D) 2, 4 and 6
Correct Answer:

Verified
Correct Answer:
Verified
Q121: Here is information for a county
Q122: On the fund financial statements, unrealized gains
Q123: Leland County reports a budgetary actual
Q124: Listed bellow the required operating statements for
Q125: The year-end balances of assets of fiduciary
Q127: Listed bellow are the required balance sheets
Q128: Below are transactions and other financial information
Q129: Which account will you never see on
Q130: Listed bellow the required operating statements for
Q131: In a reconciliation of fund balances-governmental funds