PLEASE look up THE Comprehensive Annual Financial Report for the Village of Arlington Heights for the year ended December 31, 2020. It is on their city's budget & finance page

Problem 1: Multiple-choice questions Questions are based on information contained in the 2020 CAFR for the Village of Arlington Heights. 1. Which of the following statements is correct? A. At December 21, 2020, all of the capital assets reported under governmental activities on the statement of net position that were not being depreciated were acquired or constructed by governmental funds. B. At December 31, 2020, there were no interfund receivables and payables between governmental and business-type activities. C. A and B. D. Neither A nor B. 2. At December 31, 2020, accrued but unmatured interest payable on the debt of governmental funds amounted t A. $209,812. B. $290,812. C. $210,812. D. $219,812 3. On the governmental funds balance sheet at December 31, 2020, total nonspendable fund balance was reported at $242,932 (for prepaid items and inventory). On the government-wide statement of net position at December 31, 2020, this amount was reported in which of the following classifications of net position for governmental activities? A. Net investment in capital assets. B. Restricted. C. Unrestricted. 4. On the governmental funds balance sheet at December 31, 2020, total assigned fund balance was reported at $8,191,902 (see the balance sheet on page 9 of the CAFR). On the government-wide statement of net position at December 31, 2020, this amount was reported in which of the following classifications of net position for governmental activities? A. Net investment in capital assets. B. Restricted. C. Unrestricted.