16. Which of the following is not accounted for in a Federal agency's net cost of operations? a. Depreciation of equipment acquired in a previous year b. Requisitions for supplies needed but not ordered c. Supplies used during the year d. Accrual of an expense that has not been funded 17. a. How are heritage assets reported in the federal government's balance sheet? As part of General PP&E without being netted for accumulated depreciation b. On a separate line entitled Heritage Assets and Stewardship Land c. As part of General PP&E, net of accumulated depreciation d. Not reported in the federal government's balance sheet 18. The GAO has not expressed an auditor's opinion on the consolidated financial statements for the federal government as a whole. Which of the following is not a reason that GAO has given for not expressing an opinion? a. Serious financial management problems at the Department of Defense that have prevented its financial statements from being auditable. b. The federal government's inability to adequately account for and reconcile intragovernmental activity and balances between federal entities. c. A lack of internal controls across many departments and agencies of the federal government. d. The federal government's ineffective process for preparing the consolidated financial statements. 19. What does a credit balance in the account "Allotments - realized resources show? a. The agency's cash balance with the Treasury. b. The amount available to a department for allotment to an agency c. The amount of goods or services ordered by an agency but not received. d. The amount of resources available to an agency for obligation or commitment. 20. Which of the following statements is true? a. Depreciation is recorded is not as an expense in an agency's proprietary accounts. b. Vacation leave cannot be accrued at year-end unless the agency has sufficient appropriated funds to pay for it. The account Undelivered orders -obligations, unpaid is closed at year end. d. If the agency receives an invoice in an amount greater than the amount of the purchase order and agrees that invoice amount is correct, no adjustment is needed to the account "Allotments - realized resources." c