70. Internal Service Fund billings to government departments for services rendered is an example of interfund: A) loans. B) reimbursements. C) transfers. D) services provided and used. 71. The basic financial statements for all NNOs include a: A) Statement of activities and Statement of cash flows Balance sheet and Statement of activities B) C) Balance sheet, Statement of activities, and Statement of cash flows D) Balance sheet and Statement of cash flows 72. GASB No. 35 allows public colleges and universities to: optionally follow FASB standards. apply guidance designed for special-purpose governments. use FASB standards to permit consistent reporting. none of these are correct. A) B) C) D) 73. Which of the following statements related to pledges is incorrect? Pledges are recorded as revenues when a promise to give is nonrevocable and unconditional Pledges are generally enforceable contracts. Pledges are signed commitments to contribute specific amounts of money on a future date or in installments. All of these are correct. A) B) C) D) 74. Which of the following is NOT a budgetary account? A) Estimated Revenues B) Reserve for Encumbrances C) Appropriations D) Encumbrances 75. Repayments from the funds responsible for a particular expenditure to the funds that initially paid for them are interfund: A) reimbursements. B) loans. C) services provided and used. D) transfers