Please answer all

QUESTION $8$

A large city in the United States will typically maintain multiple Special Revenue Funds each year,

True

False

QUESTION $9$

The general rule for recognizing expenditures in government funds requires a government fund to

recognize expenditures whenever the government as a whole incurs a liability.

True

False

QUESTION $10$

The Purchases Method of accounting for inventory in Government Funds

a$.$ Requires a debit to expenditures for the cost of inventory when the inventory is purchased.

b$.$ Requires a credit to a current asset account when inventory issued to a user department.

c$.$ Can be used with either a Perpetual or Periodic inventory tracking system.

d$.$ Requires a debit to a current asset account for the cost of inventory when inventory is purchased.

QUESTION $11$

Which of the following would be included in the amount of property tax revenues recognized and

reported for the current year by a Government Fund?

a$.$ Property taxes collected on behalf of another government entity.

b$.$ Delinquent property taxes collected during the $4$ th month of the current year that were levied

during a previous year to pay for the previous year's expenditures.

c$.$ Property Tax discounts granted to property owners that paid property taxes before the due date

on a property tax levied this year to be used to pay for current year expenditures.

d$.$ Property taxes collected during the $2^("$nd $")$ month of the current year that were levied during the $1^("$st $")$

month of the current year to pay for future year expenditures.