82.Under GASB Statement 34, capital assets:
A)must be reported in government-wide statements but are not reported in any of the fund financial statements.
B)must be reported in government-wide statements and in proprietary fund financial statements.
C)are
not
to be reported in either government-wide or fund financial statements.
D)are to be reported but
not
depreciated in government-wide and fund financial statements.
83.Long-term debt of a governmental unit would be reported in the:
A)government-wide financial statements and proprietary fund financial statements.
B)government-wide financial statements only.
C)debt service funds of governmental fund financial statements and government-wide financial statements.
D)notes to the financial statements only.
84.A city government collects local option sales taxes legally restricted to pay for the construction of a new courthouse. Which fund should account for the receipt of the sales taxes?
A)Special revenue fund
B)Capital projects fund
C)Private-purpose trust fund
D)General fund
85.A city government collects local option sales taxes legally restricted to pay for the hiring of teachers for hearing impaired school children. Which fund should account for the receipt of the sales taxes?
A)Special revenue fund
B)Capital projects fund
C)Private-purpose trust fund
D)General fund
86.A city government makes its semiannual payment of interest on revenue bonds issued to pay for the construction of additional public transit stations. Which fund would account for the payment?
A)Debt service fund
B)Capital projects fund
C)Enterprise fund
D)Internal service fund
87.A city government sells police cars no longer in use. No restrictions have been placed on the proceeds. Which fund should account for the receipt?
A)General fund
B)Capital projects fund
C)Enterprise fund
D)Debt service fund
88.Under GASB Statement 34, accrual accounting is used for:
A)government-wide financial statements only.
B)government-wide financial statements and proprietary fund financial statements only.
C)government-wide, proprietary fund, and fiduciary fund financial statements only.
D)government-wide and all fund financial statements
89.Under GASB Statement 34, modified accrual accounting would be found in the:
A)government-wide financial statements only.
B)governmental fund financial statements only.
C)governmental and fiduciary fund financial statements only.
D)governmental, proprietary, and fiduciary fund financial statements but
not
in the government-wide financial statements
90.Which of the following is
not
a fiduciary fund type?
A)Agency.
B)Expendable trust.
C)Private-purpose trust.
D)Investment trust.
91.Level "A" GAAP for CookCountyHospital, a public hospital, would be established by the:
A)Governmental Accounting Standards Board.
B)Financial Accounting Standards Board.
C)Hospital Financial Management Association.
D)American Institute of Certified Public Accountants.