22. For state and local government units, the full accrual basis of accounting should be used for what type of fund? A) Internal service B) Debt service C) Special revenue D) General 23. The highest level of priority of pronouncements that a government entity should look to for accounting and reporting guidance is: A) AICPA Industry Accounting Guides. B) GASB Statements. C) GASB Concepts Statements. D) GASB Technical Bulletins. 24. An interfund transfer should be reported in a governmental fund operating statement as a(n): A) other financing source (use) B) revenue or expenditure C) due from (to) other funds D) none of these 25. Tuition waivers for which there is no intention of collection from the student should be classified by a college as: A) Revenue, Yes; Expenditures, No B) Revenue, No; Expenditures, Yes C) Revenue, Yes; Expenditures, Yes D) Revenue, No; Expenditures, No 26. The entry to record the receipt of office equipment previously encumbered includes a debit to: A) Reserve for Encumbrances. B) Office Equipment. C) Both Office Equipment and Reserve for Encumbrances. D) Encumbrances. 27. GASB No. 35 allows public colleges and universities to: A) B) C) D) optionally follow FASB standards. apply guidance designed for special-purpose governments. use FASB standards to permit consistent reporting. none of these are correct