Question
For the question below, use the numbers from the following financial statements required in a county government's CAFR to identify where the account is reported:
For the question below, use the numbers from the following financial statements required in a county government's CAFR to identify where the account is reported:
1. | Government-wide statement: Statement of net position |
2. | Government-wide statement: Statement of activities |
3. | Fund statement: Balance sheetGovernmental funds |
4. | Fund statement: Statement of revenues, expenditures and changes in fund balancesGovernmental funds |
5. | Fund statement: Statement of net positionProprietary funds |
6. | Fund statement: Statement of revenues, expenses and changes in net positionProprietary funds |
On which financial statement(s) are deferred outflows for bond refunding by governmental funds reported?
A. | 2 and 6 | |
B. | 1 and 3 | |
C. | 1 and 5 | |
D. | 1 only |
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