Common functional categories of expenditures in governmental funds include all of the following except

Select one:

a. Public Safety.

b. Health and Sanitation.

c. Highways and Streets.

d. Utilities.

As part of a government's basic financial statements and required supplementary information, a budgetary comparison schedule is required for which funds?

Select one:

a. All governmental funds.

b. All governmental funds with legally adopted annual budgets.

c. General Fund only.

d. General Fund and certain Special Revenue Funds with legally adopted annual budgets.

The encumbrances method of budgetary reporting

Select one:

a. Is never allowed by GAAP.

b. Never results in an outstanding encumbrance.

c. Is where outstanding encumbrances are considered to be expenditures.

d. Is always required by GAAP.