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17. The balance sheet of a General Long-Term Debt Account Group is often entitled Statement of General Long Term Debt. a. True b. False 18.

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17. The balance sheet of a General Long-Term Debt Account Group is often entitled "Statement of General Long Term Debt." a. True b. False 18. A Statement of Changes in Long-Term Debt should be included in a CAFR to disclose authorization of new debt issues, sale of previously authorized issues, and retirement and refunding oof debt during the year. a. True b. False 19. A Combined Balance Sheet, one of the General Purpose Financial Statements, reports assets, liabilities, and equity of the seven fund-types, but does not report the GLTDAG. since to do so would be duplicate reporting of assets held in debt service funds a. True

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