1. Which of the following are eliminated from the financial statements under GASB 34?

a. General long-term debt account group

b. General fixed asset account group

c. Both a and b

d. None of the above

2. An expense would be reported in which of the following funds?

a. General fund

b. Internal service fund

c. Debt service fund

d. Special revenue fund

3. A component unit

a. Is financially accountable to the primary government

b. Must be discretely presented in a primary government’s CAFR

c. Is excluded from a primary government’s CAFR

d. Is a legally separate organization for which the primary government is financially accountable

4. Budgetary comparison information must be presented for the

a. Debt service fund

b. General fund

c. Pension fund

d. Permanent trust fund

5. Required supplementary information includes

a. Schedule(s) of funding progress of pension plans

b. Schedule(s) of employer contributions to pension plans

c. Budgetary comparison schedules for the general and special revenue funds

d. All of the above