1. Net assets invested in capital assets, Restricted net assets and Unrestricted net assets

1. Are the minimum classifications used to report Government Fund net assets in Government Fund financial statements
2. Are the minimum classifications used to report Fiduciary Fund net assets in the Government-wide financial statements
3. Are the minimum classifications used to report net assets both in the Government-wide Statement of Net Position and in the Proprietary Fund Statement of Net Position
4. None of the above

2. Activities that are considered to be business type in nature and that are financed solely by fees charged to external users for goods and/or services

1. Are accounted for during the year in Government Funds, and are classified and reported as governmental activities on the year-end Government-wide Statement of Activities
2. Are accounted for during the year in Enterprise Funds, and are classified and reported as business-type activities in the Government-wide Statement of Activities
3. Are not included in year-end Government-wide financial statements since they are required to be accounted for during the year in an SLGs Fiduciary Funds
4. None of the above

3. Activities that are general government in nature, such as fire and police services,

1. Are accounted for during the year in Enterprise Funds, and are classified and reported as business-type activities in the Government-wide Statement of Activities
2. Are not included in the Government-wide financial statements because they are required to be accounted for during the year in Fiduciary Funds
3. Are not included in the Government-wide financial statements unless GASBs specific quantitative requirements for Major Fund reporting are met
4. Are accounted for during the year in Government Funds, and are classified and reported as governmental activities in the Government-wide Statement of Activities

4. The steps involved in deriving information presented in Government-wide financial statements

1. Include more significant adjustments to activities reported in Government Fund financial statements than to activities reported in Proprietary Fund financial statements
2. Include combining the account balances and activities from the GCA and GLTL in business type of the Government-wide financial statements
3. Provide for the conversion of activities accounted for on the accrual basis in Government Funds to the modified accrual basis used in the Government-wide financial statements
4. All the above