A Question $4(10$ points$)$ Rectalic question $$ Sved

Which of the following is not considered Required Supplementary Information $($RSI$)?$

Next incoresct question

A Question $5(10$ points$)$ Retalic question

Governmental$-$type funds label the excess of assets over liabilities on the balance

sheet as:

fund balance.

net fund balance and liabilities.

net Position.

assets net of liabilities.

A Question $8(10$ points$)$ Retalic question

Governmental fund statements are prepared using:

economic resources measurement focus and modified accrual basis of

accounting.

current financial resources measurement focus and modified accrual basis of

accounting.

current financial resources measurement focus and accrual basis of accounting.

economic resources measurement focus and accrual basis of accounting.

A Question $9(10$ points$)$ Actalis question

The total fund balances presented in Governmental Funds Statements are different

from the total Net Position on the government$-$wide Statement of Net Position.

Which of the following is not a reason for this difference?

Some liabilities are not due and payable in the current period and are not

reported in fund liabilities.

Capital assets used in government operations are not current financial rescurces

and therefore are not reported in the funds.

The two statements have different bases of accounting.

Accrued Wages Payable at year end are reported on the statement of Net

Position but are not reported in the fund statements.

A Question $10(10$ points$)$ Rccake question

Which of the following is true regarding the government$-$wide Statement of

Activities?

The Statement of Activities includes depreciation expense.

Transfers between governmental and business type activities are eliminated and

do not appear on the government$-$wide Statement of Activities.

Taxes levied, including those restricted to a particular purpose, are reported as

program revenue.

In the government$-$vide Statement of Activities, "special items" are those items

that are both unusual and infrequent and are not under the control of

management.