Question 41 (1 point)

When an investment pool of a certain city was established, the debt service fund transferred investments to the pool having a cost of $3,000,000 but a current fair market value of $2,900,000. To record this transaction, a single journal entry was made by the debt service fund that included which of the following?

Question 41 options:

	A debit to Equity in Pooled Cash and Investments in the amount of $3,000,000.
	A debit to RevenuesChange in Fair Value of Investments in the amount of $100,000.
	A debit to Investments in the amount of $2,900,000.
	A credit to Investments in the amount of $100,000.

Question 42 (1 point)

The cash and investment pool of Lake City allocates dividends, interest, and capital gains and losses on a periodic basis. When the cash and investment pool accrues interest earned on investments in debt securities, pending allocation to participating funds, it would credit which of the following accounts?

Question 42 options:

	Interfund Loans.
	Revenues.
	Undistributed Earnings on Pooled Investments.
	Interfund Receivables.

Question 43 (1 point)

At the government-wide level, where are fiduciary funds reported?

Question 43 options:

	In the Governmental Activities column.
	In the Business-type Activities column.
	As an internal balance in the total column.
	Fiduciary funds are not reported at the government-wide level.

Question 44 (1 point)

Which of the following would not appear on a statement of changes in fiduciary net position?

Question 44 options:

	Due to Other Funds.
	DeductionsAdministrative Fees.
	AdditionsInvestment Earnings.
	AdditionsProperty Tax Collections for Other Governments.

Question 45 (1 point)

A statement of cash flows should be prepared for which of the following fiduciary fund types?

Question 45 options:

	None, fiduciary funds do not provide a statement of cash flows.
	Custodial.
	Pension trust.
	Private-purpose trust.