Hi I need help with the following questuons

Under GASB standards, which of the following events would be classified as an investing activity on a proprietary fund's statement of cash flows?

1. Interest earned on certificates of deposit held by the proprietary fund.
2. Purchase of equipment for use by the proprietary fund.
3. Grant received to construct a building that will be used by the proprietary fund.
4. All of the above would be considered investing activities for reporting purposes.

An internal service fund used for insurance activities should recognize an expense and a liability when:

1. A claim has been made, it is reasonably possible that a liability has been incurred, and the amount will be reasonably estimable at some time in the near future.
2. A claim has not been made, but it is reasonably possible that a liability has been incurred or an asset has been impaired, and an amount can be reasonably estimated.
3. A claim has been made, it is probable that an asset has been impaired, and the amount will be reasonably estimable at some time in the near future.
4. A claim has been made, it is probable that a liability has been incurred, and the amount can be reasonably estimated.

During the year an enterprise fund purchased $230,000 worth of equipment. The equipment was acquired with a cash down payment of $30,000 and a $200,000 loan. A partial year of depreciation on the equipment was taken in the amount of $23,000. What is the net effect of this transaction on the net position accounts of the enterprise fund?

1. Net investment in capital assets is increased by $7,000.
2. Net investment in capital assets is increased by $30,000.
3. Net investment in capital assets is increased by $207,000.
4. Net investment in capital assets is increased by $230,000.

Tinsel Town had the following long-term liabilities at year end:

Revenue bonds to be repaid from tolls collected by the superhighway enterprises fund $250,000

General obligation bonds issued for the tinsel town water utility, which will serve the debt $200,000

What amount should be recorded as long-term liabilities in the proprietary fund financial statements?

1. $0.
2. $200,000.
3. $250,000
4. $450,000