14. An example of a non-for-profit organization that might be classified in governmental is: C A Privately funded university such as Phoeniz University A hospital corporation whose stock is traded on a major exchange C c) Federal government C D) Bemidji State University C None of the above E) 15. Which of the following is not recorded in the General Fund as an expenditure? C E E A) An amount paid for wages of city employees B) Office supplies used c A purchase of equipment for the city's police department D) A transfer to a debt service fund All of these items are recorded as expenditures 16. Which of the following is a governmental fund? A) Special revenue B) Enterprise c) Agency D) Internal service 17. GASB standards contain all of the following in its three- part budgetary principle except: A) An annual budget should be adopted by every B) The accounting system should provide the basis for c) Budgetary comparisons should be included in the governmental unit. appropriate budgetary control. appropriate financial statement and schedules for governmental funds for which an annual budget has been adopted. D) None of the above; all would be included