2-16. Multiple Choice. LO2-1) through LO2-4) Choose the best answer. 1. Government financial reports should be useful in assessing a government's accountability. Three objectives of government financial reporting identify how financial reporting can be useful in assessing a government's accountability. Which of the following is not related to one of the objectives? a. Providing information on operating results for the current period. b. Providing information on meeting current year service performance goals. c. Providing information related to the provision of services in accordance with legally adopted budgets. d. Providing information on ability of the government to meet obligations as they come due. 2. Which of the following statements is true regarding the basic financial statements of a state or local government? a. Separate columns should be provided in the government-wide financial statements for governmental activities and business-type activities. b. Governmental fund and proprietary fund financial statements should provide a separate column for each major fund. c. Aggregate information about all nonmajor governmental funds should be reported in a single column of the governmental fund financial statements all nonmajor enterprise funds should be reported in a single column of proprietary fund financial statements. d. All of the above