31. Blake City reports two Pension Trust Funds, one Private-Purpose Trust Fund, one Investment Trust Fund, and two Agency Funds. How many columns would the City's statement of fiduciary net position would report? A. Two B. Three C. Four D. Six 32. Blake City's General Fund acquired equipment under capital leases and should be recorded at the inception of the lease at: A. Fair value. B. Present value of minimum lease payments. C. Lower of fair value or present value of minimum lease payments. (this would be the answer for Government-wide Activities) D. None of the above; leased assets should not be recorded in the accounts. 33. Green City imposes a 2% tax on hotel room charges. Revenue from this tax will be used to promote tourism in the city. This is an example of which type of nonexchange transaction? A. Derived tax revenue B. Imposed tax revenue C. Government-mandated transaction D. Voluntary nonexchange transaction