1. The Albany Coty Golf Course, an enterprise fund, purchased a new stove for use in the course's snack shop. The debit for the entry to record the purchase in the enterprise fund should be to:

A. Expenditures

B. Inventory

C. Equipment

D. Governmental capital asset

2. How should financial informatjon for internal service funds be reported in the government-wide financial statements?

A. As part of governmental activties

B. As part of business-type activities

C. Amounts allocoated proportionately between governmental and business-type activities

D. Usually as part of governmental activities, unless the internal service fund predominantly serves one or more enterprise funds

3. The Town of Greensfied issued the following during the year: (1) $600,000 in bonds for the installation of street lights, to be assessed against properties benefited, but secondarily backed by the town; (2) $800,000 in bonds for construction of a public golf course to be self-supported from fees collected from golf course users. How much should be accounted for through debt service funds for payments of principle over the life of the bonds?

A. $0

B. $600,000

C. $800,000

D. $1,400,000