#6- Accountability The statement of activities is designed to provide information that allows readers to assess which of the following?

Select one:

A: Financial accountability

B: Functional accountability

C: Operational accountability

D: Fiscal accountability

#7- Definition of primary government Which of the following criteria are used to determine the Primary Government? 1. Separately elected governing body 2. Legally independent 3. Fiscally independent

Select one:

A: 1 and 2 only

B: 1, 2, and 3

C: 1 only

D: 2 and 3 only

#8 Managements discussion and analysis section of the CAFR Which of the following should not be included in the managements discussion and analysis section of the CAFR?

Select one:

A- A forecast of revenues

B- A statement of condensed financial information contained in the government-wide financial statements

C- A discussion of the condition of the Citys infrastructure

D- An explanation relating to changes in the Citys fund balances

#9 Governmental entities to include in government-wide financial statements Which of the following should be included in the financial statements of the Town of Acton: 1. Primary government 2. Discretely presented component units 3. Blended component units

Select one:

A- 1, 2, and 3

B- 1 only

C- 1 and 2 only

D- 2 and 3 only

#10- Types of taxes Property taxes represent which of the following?

Select one:

Mandated nonexchange transactions

Imposed tax revenues

Derived tax revenues

Voluntary nonexchange transactions