For questions 1 through 4, use the numbers from the following list of financial statements required in a states Annual Comprehensive Financial Report (ACFR) [formerly referred to as the Comprehensive Annual Financial Report (CAFR)].

1. Government-wide statement: Statement of net position

2. Government-wide statement: Statement of activities

3. Fund statement: Balance sheetGovernmental funds

4. Fund statement: Statement of revenues, expenditures and changes in fund balancesGovernmental funds

5. Fund statement: Statement of net positionProprietary funds

6. Fund statement: Statement of revenues, expenses and changes in net positionProprietary funds

1. On which financial statement(s) are the proceeds from disposal of capital assets of governmental and proprietary funds reported?

a. 2 and 6

b. 2 and 4

c. 4 only

d. 2, 4 and 6

2. On which financial statement(s) are lease obligations of governmental and proprietary funds reported?

a. 1 only

b. 1 and 3

c. 5 only

d. 1 and 5

3. On which financial statement(s) are capital assets of internal service funds reported?

a. 1 only

b. 1 and 5

c. 5 only

d. 1, 3, and 5

4. On which financial statement(s) are principal payments made by governmental funds reported?

a. 2 only

b. 4 only

c. 2 and 4

d. 2, 4 and 6