overnment-wide financial statements b. In the notes to the financial statements. c. In the proprietary fund financial statements d. In any of the above ways. What are the general capital assets: Name 7. a. long-lived assets used by activities reported in gow b. Distinguished from capital assets and fiduciary funds ernmenal fuds that are specifically associated with activiies reportiedi c. Cost of capital assets: reponed as e d. All above 8. In fund financial statements for capital grants externally restricted for capital acquisitions should be reponted in whisch type of fo Governmental Fund Proprietary Fund a. Yes b. Yes c. No d. No No 9. Receipts from a special tax levy to retire and pay interest on general obligation bonds should be recorded in which fund? a. General. b. Capital projects. c. Debt service. d. Special revenue. 10. When a capital lease of a governmental unit represents the acquisition of a general fixed asset, the acquisition should be reflected in fund financial statements as: a. An expenditure but not as an other financing source. b. An other financing source but not as an expenditure c. Both an expenditure and an other financing source d. Neither an expenditure nor an other financ ing source. 11. The debt service fund of a govemmental unit is used to account for the accumulation of resources for, and the payment of, principal and interest in connection with a: Fiduciary Fund a. No b. No c. Yes d. Yes Proprietary Fund Yes Yes No payable annually, beginning January 2 of the following year. What amount of bond interest is Waon required to report in the govenment-wide financial statement at the close of this fiscal year, September 30? 12. On January 1, City of Walton issued SS00.000, 10-year, 5% general obligation bonds. Interest is S0 a. b.$18,750 c. $26,250 d. $35,000 ty's general fund had the following transactions during the year 13. Brandon Coun Transfer to a debt service fund $200,000 Payment to a pension trust fund 500,000