1. Loans between funds are handled in account receivable and account payable accounts. a. True b. False

2. Payments received by a city utility fund would appear on a statement of cash flows for government funds. a. True b. False

3. Capital assets related to specific proprietary funds should be accounted for in the government-wide statements only. a. True b. False

4. A major difference between fund statements and proprietary statements is the treatment of transactions that impact cash balances in the bank. a. True b. False

PLEASE. IF YOU DO NOT KNOW THE ANSWER BETTER NOT ANSWER THIS. I NEED EXPLANATION AS TO WHY TRUE OR FALSE. NO EXPLANATION NO RATING. THANK YOU.