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Listed Bellow Are the Required Balance Sheets and Statements of Net

Question 127

Multiple Choice

Listed bellow are the required balance sheets and statements of net position for a state 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 financial 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) Due from business-type activities to governmental activities
B) Due from other governments to governmental funds
C) Due from capital projects fund to general fund
D) Sales taxes due to other governments
E) Lottery ticket sales for the year
F) Net position held in trust for 529 college savings plans
G) Collections of sales taxes from businesses for the year
H) Cash and investments, permanent fund
I) Deferred outflows for pensions, enterprise fund
J) Cash and investments, pension and OPEB trust fund

Correct Answer:

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