Multiple Choice
Listed bellow are the required balance sheets and statements of net position for a county government:
Required
On which balance sheet(s) would each of the following accounts appear? Identify the financial statement(s) by number. The account may appear on one or more or none of the statements. If the account is not reported on any of the above financial statements, your answer is N/A.
-Fund statement: balance sheet-governmental funds
A) Buildings, net of accumulated depreciation (enterprise fund)
B) Investments of an investment trust
C) Lease obligations, general fund
D) Equipment, net of accumulated depreciation, for capital projects fund
E) Accrued salaries and wages, general fund
F) Cash held from sales tax collections belonging to the state
G) Unrealized losses on enterprise fund derivative investments (hedges)
H) Long-term pension liability for enterprise fund
I) Long-term pension liability for general fund
J) Deferred outflows of resources: bond refunding (general fund)
Correct Answer:

Verified
Correct Answer:
Verified
Q4: In its government-wide statement of net position,
Q5: Use the following information to answer
Q6: The pension liability reported in the government-wide
Q7: The year-end balance of amounts due from
Q8: Here are financial statements shown in a
Q10: Deferred inflows and outflows of resources may
Q11: Here are some of the financial statements
Q12: Here is information on a county's general
Q13: Here is information on activities of
Q14: Here are some of the financial statements