34) How do the balance sheet and statement of revenues, epeninures, and changes balances of govenmental funds differ fron the inancial statement activities? in fed ' statement of net assess and statement o (1) Internal service funds are not included in the governmenta fund financial statements of activities o funds but could ment-wide financial statements. be reported in the governmental govern (2) The economic resources governmental funds and the current financial resources measurement basis is used for governmental activities in the govemment-wide financial statements basis is used for fund financial stahoments of (3) Modified accrual accounting is used for fund financial statements of govenmesntal funds to time revenues and expenditures and acerual accounting is used for govermimemal activities of government-wide financial statements. (4) The financal statments of governmental funds for fund financial statements are the same as governmental activities in government-wide financial statements bat wits different titles of the financial statements. A) 1 and 2. B) 2, 3, and 4. C) 1, 2.3, and 4. D) 1 and 3. E) 1, 2, and 3. 35) What account is debited in the general fund when equipment is received by a governmental entity? A) Accounts Payable. B) Expenditures. C) Plant assets. D) Fund Balance-Reserve for Encumbrances. E) Encumbrances. 36) When a city received a private donation of $1,000,000 stipulating that the principal ) donation would be preserved but allowing the interest income to be spent on building a city park with access for disabled children, which fund should the money be A) An agency Fund B) A special Revenue Fund. C) A private purpose trust fund D) The general Fund. E) A permanent Fund. ded in? recor 10