102.Which of the following is true regarding Government-wide financial statements?
A) Prior year data must be presented.
B) A Statement of Cash Flows is not required for Government-wide statements.
C) Depreciation may only be reported as a charge in total to the general government.
D) Fiduciary activities are only reported if they qualify as a major fund.
103.A reconciliation from Enterprise funds statements to government-wide statements isnot
necessary because …
A) They both use the same measurement focus and basis of accounting (economic resources, accrual)
B)They both use the same measurement focus and basis of accounting (current financial resources, modified accrual)
C)They use a different measurement focus and basis of accounting.
D)Enterprise funds are not included in the government-wide statements
104.Which of the following sections of the CAFR is audited?
A) Introductory section
B) Financial section
C) Statistical section
D) Management Discussion and Analysis section
105.The statistical section typically presents ____ years of information in each table or schedule.
A) 3
B) 5
C)10
D) 12
106.What are the three major sections of the Comprehensive Annual Financial Report?
A)Introductory Section, Financial Section, Budgetary Comparison
B) Introductory Section, Financial Section, Management Discussion and Analysis.
C)Introductory Section, Financial Section, Statistical Section
D) Introductory Section, Financial Section, Reporting Infrastructure
107.In addition to a Statement of Net Position, Proprietary Fund level financial statements include which of the following?
A) Statement of revenues, expenses, and changes in fund Net Position.
B) Statement of cash flows.
C)Both of the above.
D)Neither of the above.
108.A budgetary comparison schedule is required for?
A) The General Fund.
B) Each special revenue fund that has a legally adopted annual budget.
C) Enterprise funds.
D) (A) and (B) only.
109.In addition to a Statement of Net Position, what statements are required in the government-wide Financial Statements?
A) Statement of Activities.
B) Statement of Cash Flows.
C)Both of the above.
D)Neither of the above.
110.Which Statement is presented using the Accrual Basis of Accounting?
A) Governmental Fund Balance Sheet
B) Government-Wide Statement of Activities
C) Statement of Revenues, Expenditure and changes in Fund Balances
D) A and C
111.A statement of Cash Flows is required for which type of Fund?
A) Governmental
B) Fiduciary
C) Proprietary
D) All of the above