True/False: of net position is prepared using the same measurement 1) The government-wide statement of net position is prepared using focus and basis of accounting as the General Fund balance sheet. T/F 2) The Governmental Activities column of the gove momental Activities column of the government-wide statement of net position reports both current and noncurrent assets and liabilities. T/F 3) Vehicles used by the police department should be reported in the governmental fund financial statements. T/F 4) All special assessment debt should be reported in the government-wide statement of net position in the Business-type Activities column. T/F 5) When a lease payment is made, an entry is made in the debt service (or appropriate governmental) fund to record an expenditure, and an entry is made in the governmental activities accounts to reduce Lease Obligations Payable. T/F 6) The use of encumbrance accounting is required for debt service funds. T/F 7) Debt limit is a term used to denote the total amount of indebtedness of specified kinds that is allowed by law to be outstanding at any one time. T/F 8) Acquisition of a general capital asset represents an expenditure in a governmental fund, but requires capitalization of an asset at the government-wide level. T/F 9) While the GASB encourages capitalization of all collections or individual works of art or historical treasures, governments can opt not to capitalize if certain conditions exist. T/F 10) General capital assets acquired under lease agreements should not be recorded in the governmental activities accounts. T/F