Multiple Choice
Which of the following is true regarding financial reporting of governmental funds?
A) The Fund Balance of governmental funds reports fund balance as reserved and unreserved.
B) Governmental funds include the General Fund, special revenue funds, capital projects funds, debt service funds, and permanent funds.
C) Both A and B are true.
D) Neither A nor B is true.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Management's Discussion and Analysis MD&A in The
Q4: Internal service funds typically are not included
Q5: With respect to fund basis financial statements,
Q6: Which Statement is presented using the accrual
Q7: A Comprehensive Annual Financial Report CAFRwould include
Q9: Which part of the financial section of
Q10: Proprietary funds are required to prepare a
Q11: The three major sections of a CAFR
Q12: Which of the following is true regarding
Q13: Which of the following is true regarding