(Multiple choice)

1. In governmental financial reporting, what is blending?

a. A method of preparing the notes to the 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 2. In financial reporting, which of the following meets the requirement for a primary government to be financially accountable for a legally separate organization?

a. The primary government can appoint one-half of the organization's governing body.

b. The government's chief executive can appoint a long-time political ally to the organization's governing body.

c. The primary government can appoint a voting majority of the organization's governing body.

d. The chief executive and the chief of both houses of the legislature each can appoint one member of the organization's 12-person governing body.

3. What are the minimum requirements established by the GASB for general purpose external financial reports?

a. ACAFR

b. Fund financial statements and government-wide financial statements

c. Basic financial statements and notes to the financial statements

d. MD\&A, basic financial statements, and required supplementary information other than MD\&A 4. 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 5. 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