92.Which of the following is true regarding component units?
A)Component units may be reported discretely in the government-wide statements or may be blended as a fund in the fund financial statements (and thus also included in the government-wide financial statements).
B)Component units could include towns, school districts, counties, and municipalities.
C)Both of the above.
D)Neither of the above.
93.Which of the following is true regarding the government-wide financial statements?
A)The government-wide financial statements include the Statement of Net Position and the Statement of Activities.
B)The government-wide financial statements are prepared using the current financial resources measurement focus and the modified accrual basis of accounting.
C)Both of the above.
D)Neither of the above.
94.Which of the following is true regarding the governmental fund financial statements?
A)The governmental fund financial statements include the Balance Sheet and the Statement of Revenues, Expenditures, and Changes in Fund Balances.
B)The governmental fund financial statements are prepared using the current financial resources measurement focus and the modified accrual basis of accounting.
C)Both of the above.
D)Neither of the above.
95.Which of the following is true regarding the proprietary fund financial statements?
A)The proprietary fund financial statements include the Statement of Net Position, the Statement of Revenues, Expenses, and Changes in Fund Net Position, and the Statement of Cash Flows.
B)The proprietary fund financial statements are prepared using the economic resources measurement focus and the accrual basis of accounting.
C)Both of the above.
D)Neither of the above.
96.Which of the following is true regarding the proprietary funds statements?
A)Major enterprise and internal service funds are reported in separate columns; a column is presented for all non-major enterprise and internal service funds (combined), and a total column is presented.
B)Financial statements include a Statement of Net Position, Statement of Revenues, Expenses, and Changes in Fund Net Position, and Statement of Cash Flows.
C)Both of the above.
D)Neither of the above.
97.Which of the following is true regarding fiduciary fund statements?
A)Fiduciary fund statements include the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position.
B)Fiduciary fund statements are prepared using the current financial resources measurement focus and modified accrual basis of accounting.
C)Both of the above.
D)Neither of the above.
98.Which of the following is true regarding fiduciary funds?
A)Fiduciary funds are reported in the fiduciary fund financial statements but
not
in the government-wide financial statements.
B)Agency funds would be reported in both the Statement of Fiduciary Net Position and the Statement of Changes in Fiduciary Net Position.
C)Both of the above.
D)Neither of the above.
99.Where in the CAFR would one find the long-term liability for revenue bonds (paid from the revenues of an enterprise fund)?
A)The proprietary funds Statement of Net Position only.
B)The government-wide Statement of Net Position only.
C)The government-wide Statement of Net Position and the RSI Schedule of Bonds Payable.
D)The government-wide Statement of Net Position and the proprietary funds Statement of Net Position.
100.Which of the following funds requires a Budgetary Comparison Schedule?
A) Enterprise Funds
B) Internal Service Funds
C) General Fund
D) Investment Trust Funds
101.Which part of the financial section of the CAFR is considered “Required Supplementary Information?”
A) Auditor’s Report
B) Management’s Discussion and Analysis
C) Government-Wide Financial Statements
D) Fund Financial Statements