2. The amount owed on the principal of bonds issued to finance the cost of a new fire house would be recorded as a liability in which of the following funds?

a. general fund

b. special revenues fund

c. capital projects fund

d. debt service fund

e. none of the above

3. The City of New Easton constructed a convention center. After completion of the project, the convention center should be recorded as an asset in which of the following funds?

a. general fund

b. special revenue fund

c. capital projects fund

d. debt service fund

e. none of the above

7. City of Alcoa reports a statement of cash flows in its recent CAFR. This statement of flows is directly related to

a. only governmental funds

b. only enterprise funds

c. only government-wide statements

d. there is no statement of cash flows in governmental reports