A government had the following transfers reported in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances: (1) a transfer from the General Fund to a debt service fund in the amount of $1, 100,000; (2) a transfer from the General Fund to an internal service fund in the amount of $1,300,000; and (3) a transfer from the General Fund to a special revenue fund in the amount of $500,000. The amount that would be shown as a transfer out in the governmental activities column in the Statement of Activities would be: O $0. 0 $1,300,000. O $2,400,000. 0 $1,600,000. A governmental fund's Statement of Revenues, Expenditures, and Changes in Fund Balances reported expenditures for capital outlay in the amount of $5,000,000. Capital assets for that government cost $110,000,000, including $20,000,000 in land. Depreciable assets are amortized over 20 years, on average. The reconciliation from the governmental funds changes in fund balances to the governmental activities change in Net Position would reflect alan): o Increase of $500,000. O Decrease of $500,000. O Increase of $250,000. O Decrease of $250,000. Which of the following is true regarding the government-wide Statement of Net Position? O Discretely presented component units are reported separately. O Neither of the above. o Governmental and business-type activities are reported separately. O Both of the above. Which of the following is true regarding the government-wide Statement of Activities? O Both of the above. O Program revenues include charges for services, operating grants and contracts, capital grants and contracts, and taxes levied for specific purposes. O Neither of the above. o The accrual basis of accounting is used to calculate revenues and expenses. Which of the following categories is/are considered program revenue(s) in the Statement of Activities of a local government? O Both of the above. O Agrant from the state to construct utility plant. O Amotor fuel tax, restricted for road repairs. O Neither of the above. A government reported an Other Financing Source in the amount of $600,000 related to the sale of land in its governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances. The land had a cost of $150,000. The adjustment in the reconciliation when moving from the changes in fund balances in the Statement of Revenues, Expenditures, and Changes in Fund Balances to the change in Net Position in the Statement of Activities would be: O Increase of $150,000. O Decrease of $150,000. O Decrease of $450,000. O Increase of $450,000