PLEASE. IF YOU DO NOT KNOW THE ANSWER BETTER NOT ANSWER THIS. I NEED EXPLANATION AS TO WHY TRUE OR FALSE. NO EXPLANATION NO RATING. THANK YOU.

1. The basic criterion used to determine the reporting entity (fund) for a government unit is its geographical boundaries. a. True b. False

2. GASB requires fund balances to be reported as restricted when constraints are placed on the use of resources either externally imposed by creditors or those imposed by taxpayers. a. True b. False

3. Agency funds take in monies that are used to invest in order to make the fund a profit. a. True b. False

4. Since the general fund is a catch-all fund, a government agency typically uses several general funds to record different types of transactions. a. True b. False