- 2 - 6 - -A 2 -3 - Normal 1 No Spac... Heading 1 Heading 2 Title Subtitle Sub 1 Paragraph Styles 1. Which of the following ratios for a municipal government should not have a high number? a. Government Grants/Total Revenues b. Current Ratio C. Total Revenues / Total Expenditures d. Revenues from Property Taxes / Total Revenues 2. Which of the following is not one of the 8 steps for transforming governmental fund statements to government-wide statements? a. Eliminate inter-fund transactions b. Adjust for differences in basis of accounting c. Adjust capital asset related accounts from the subsidiary ledgers d. Consolidate the Enterprise fund 3. Which of the following is not a required report for a private not-for-profit organization? a. Statement of Activities b. Statement of Cash Flows c. Statement of Program Revenue d. Statement of Financial Position Which of the following does not belong in the Introductory section of the CAFR? a. Auditors' opinion b. GFOA Certificate c. Letter of Transmittal d. List of Government Officers 5. When can a not-for-profit organization record a conditional pledge as revenue? a. When the pledge is made b. When the condition is substantially met c. When the cash is received d. Never 6. Which fiduciary fund usually appears on most local governments? a. Pension b. Custodial (Agency) c. Private-Purpose d. Investment Trust