In governmental financial reporting, what is blending? a. A method of preparing the notes to Comprehensive Annual Financial Reporting (CAFR) b. The process of including the financial data of a component unit with the financial data of the primary government c. The process of reporting the financial data of a component unit as a separate column in the reporting entity's financial statements d. The process of combining intergovernmental revenues with the revenues of the reporting government. Which of these items should be reported as "Other financing uses" in a governmental funds statement of revenues, expenditures and changes in fund balances? a. Transfers out b. Repayment of long-term debt principal c. Capital outlays d. Interest on long- term debt Which of these items is normally reported as an "operating expense" in a proprietary funds statement of revenues, expenses, and changes in fund balances? a. Interest expense on long-term debt b. Transfer out c. Repayment of long-term debt principal d. Depreciation expense. What are the minimum requirements established by the Governmental Accounting Standards Board (GASB) for general purpose external financial reporting? a. A CAFR b. Fund financial statements and government- wide financial statements. c. Basic financial statements and notes to the financial statements d. Management's Discussions And Analysis(MD&A), basic financial statements, and required supplementary information other than MD&A. In fund financial statements, for which funds is depreciation reported? a. Only for governmental-type funds. b. Only for proprietary -type funds. c. For both governmental-type and proprietary-type funds. d. For neither governmental -type nor proprietary-type funds. In fund financial statements, which of the following funds are reported using the economic resources measurement focus? a. General fund b. Debt Service Funds and Capital Projects Funds. c. All funds that meet the definition of major. d. Enterprise funds