If a government collects property taxes for other units of government as well as for itself, the taxes receivable for the other taxing units and the collections of those taxes could be accounted for in: A. a pension trust fund. O B. a private-purpose trust fund. O C. a custodial fund. O D. an investment trust fund. Submit Answers Which of the following is true? O 0 A. Negative unassigned fund balance can be reported only in the general fund. B. Positive unassigned fund balance may be reported in any governmental fund. C. Assigned fund balance is the residual fund balance of the general fund. D. Restricted fund balance can only be reported in special revenue funds. Submit Answers Enterprise fund activities: O O A. are required to eam a profit on the provision of goods or services. B. charge a fee to external users for goods or services provided. C. predominately provide goods or services to other departments or agencies of the government. D. provide goods and services only to other departments or agencies of the government on a cost-reimbursement basis. Submit Answers E Which governmental fund should be used to account for the proceeds of a major federal grant received for the purpose of financing most of the cost of a major general government construction project? O A. Capital projects fund B. Debt service fund O O C. General fund D. Special revenue fund Submit Answers G L Which of the following accounting entities typically is needed to account for a government's business-type activities? O O A. Fiduciary funds B. General capital assets and general long-term liabilities accounts C. Governmental funds D. Proprietary funds Submit Amwers