37. Which of the following funds frequently does NOT have a fund balance? A) Agency fund B) Special revenue fund C) Capital projects fund D) General fund 38. The following funds were among those on Cole University's books at April 30, 2017 S2,500,000 Funds to be used for acquisition of additional properties for university purposes (unexpended at 4/30/17) Funds set aside for debt service charges and for the 5,000,000 retirement of indebtedness on university properties How much of the above-mentioned funds should be included in plant funds? A) $5,000,000 B) S0 C) $7,500,000 D) $2,500,000 39. The highest level of priority of pronouncements that a government entity should look to for accounting and reporting guidance is: A) GASB Statements. B) GASB Technical Bulletins. C) GASB Concepts Statements. D) AICPA Industry Accounting Guides. 40. Board designated funds should be accounted for as: A) unrestricted funds. B) restricted funds. C) specific purpose funds. D) none of these. 41. Which type of fund entities are used to account for the activities of nonbusiness organizations that are similar to those of business enterprises? A) Restricted fund entities B) Budgetary fund entities C) Expendable fund entities D) Proprietary fund entities