1.The year-end balance of amounts due from other governmental funds to the general fund is reported

A. on none of the financial statements.

B. only on the balance sheet of governmental funds.

C. on the government-wide statement of net position and on the balance sheet of governmental funds.

D. only on the government-wide statement of net position.

2. In its statement of activities, a county government reports general government expenses of $420 million. In the governmental funds operating statement, general government expenditures are $341 million.

Which cost item would beleast likelyto account for the discrepancy between these two numbers?

A. depreciation

B. interfund loans

C. compensated absences

D. pension costs

3.The pension liability reported on the governmental funds balance sheet is equal to

A. the total actuarial liability for pension benefit payments related to past service periods, less the net position of the pension plan.

B. the actuarial liability for pension benefit payments related to past service.

C. the difference between the annual required pension contributions to the pension trust fund and the government's actual contributions.

D. the expected future pension payment to be funded by available financial resources.

4.Deferred inflows and outflows of resources may be found on

A. the proprietary and fiduciary funds statements of net position.

B. the government-wide statement of net position only.

C. the government-wide and proprietary funds statements of net position.

D.the government-wide, proprietary and fiduciary statements of net position and the governmental funds balance sheet.

5.At the beginning of fiscal 2019, a county government acquires equipment for $4,000,000. The equipment has an estimated life of 5 years, and straight-line depreciation is used, with no residual value, if appropriate. At the end of fiscal 2020 (two years later), the government disposes of the equipment for $1,800,000.

If the equipment is reported in an enterprise fund, how is its disposal reported in the fiscal 2020 CAFR?

A. $1,800,000 revenue in the proprietary funds operating statement and $600,000 loss in the government-wide statement of activities.

B. $1,800,000 revenue in the proprietary funds operating statement and the government-wide statement of activities.

C. $1,800,000 other financing source in the proprietary funds operating statement and $600,000 loss in the government-wide statement of activities.

D.$600,000 loss in the proprietary funds operating statement and the government-wide statement of activities.

6.At the beginning of fiscal 2019, a county government acquires equipment for $4,000,000. The equipment has an estimated life of 5 years, and straight-line depreciation is used, with no residual value, if appropriate. At the end of fiscal 2020 (two years later), the government disposes of the equipment for $1,800,000.

If the equipment is reported in the general fund, what amount is subtracted in the fiscal 2020 reconciliation of the change in fund balances of governmental funds to the change in net position of governmental activities, related to this equipment?

A. $600,000

B. $2,400,000

C. $1,800,000

D. $3,200,000