1. like ant regular businesses, governmental funds incur expenses during the fiscal year. True or False?

2. School districts can be a primary government

3. when you are charged sales tax when buy a bag of chips, that is considered an exhange transaction. True or False?

4. when would a city record goods and services to financial statment accounts?

a) When the budget for goods and services is approved

b) when a purchase order is issued

c) when the goods and seevices are received

d) all of the above

**** please answer all questions not just one ****