1.

Which of the following activities would most likely be accounted for by a Government Fund?

	a.	Payment of general government long-term debt priniciple and interest.
	b.	Remittance to an insurance company of employee insurance premiums previously withheld from employee payroll checks.
	c.	Sale of water and sewer services to city residents.
	d.	The operations of a parking garage owned by the city.

2. Governmental funds are also known as_________?

3. The book value (original capitizable cost and accumulated depreciation) would be reported on the balance sheet of a city's General Fund.

True

False