1. A governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances reported of $30 million, including capital outlay expenditures of $9 million. Capital assets for that government cost $90 million, including land of $10 million. Depreciable assets are amortized over 20 years, on average. The reconciliation from governmental changes in fund balances to governmental activities changes in would reflect a(an):
A) Decrease of $1 million.
B) Increase of $l million.
C) Increase of $5 million.
D) Decrease of $4 million.

2. The City of Charlotte reported property tax revenues in 2017 in the amount of $10 million. The deferred inflow - property taxes reported in the General Fund's balance sheet was $ 300,000 on December 31, 2016 and was $ 375,000 on December 31, 2017. During 2017, $9,000,000 was collected. What amount should the city report for Property Tax Revenue in its year ended December 31, 2017 government-wide Statement of Activities?
A) $ 9,075,000
B) $ 9,975,000
C) $ 10,075,000
D) $ 10,375,000

3. The City of Eugene reported property tax revenues in 2017 in the amount of $10 million. The deferred inflow - property taxes reported in the General Fund's balance sheet was $ 475,000 on December 31, 2016 and was $ 400,000 on December 31, 2017. During 2017, $9,000,000 was collected. What amount should the city report for Property Tax Revenue in its year ended December 31, 2017 government-wide Statement of Activities?
A) $10,075,000
B) $ 9,925,000
C) $ 9,625,000
D) $ 8,975,000

4. A government reported an "other financing source" in the amount of $800,000, related to the sale of land in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. The land had a cost of $375,000. The adjustment in the reconciliation, when moving from the governmental Funds Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in net position for governmental activities in the Statement of Activities would be a(an):
A) Decrease of $425,000.
B) Increase of $425,000.
C) Increase of $375,000.
D) Decrease of $375,000.

5. A government incurred expenses for its infrastructure as follows: $25 million for general repairs; $20 million to extend the life for existing infrastructure; and $22 million for additions and betterments. The infrastructure has a basis of $400 million and would be depreciated over a 40 year life, if depreciation were charged. The government chooses to use the modified approach to record infrastructure. The total amount that would be shown as expense in the Statement of Activities would be:
A) $32 million.
B) $47 million.
C) $45 million.
D) $42 million.