1) Financial statements for a Pension Trust Fund

A) Are included with fiduciary funds in a sponsoring governments annual financial report B) Are included in a separate column in the sponsoring governments government-wide financial statements C) Are included with proprietary funds in the sponsoring governments annual financial report D) Are not included in a sponsoring governments annual financial report

2. Collection of property taxes that must be distributed to other funds should be recorded in a Custodial Fund as a Debit to Cash and Credit to which type of account?

A) Asset B) Liability C) Additions D) Deductions E) Other financing sources