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so Fiduclary funds are: A) Funds used to aceount for a governments ongoing are similar to those operated by foe-profit organization B) Funds used to

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so Fiduclary funds are: A) Funds used to aceount for a governments ongoing are similar to those operated by foe-profit organization B) Funds used to account for purpose other than debt C) Funds used to primarily to provide services to citizens O) Funds used to account for all financial resources except those required to be accounted for in another fund. and activisies that foe resources that are restricted or commited for a specific payments or capital projects the t account for the activities of a government that are carried ot E) Funds used to account for monies held by the government in a trustee or wgency capacity 31) The term "current financial resources" refers to: A) The government's current assets and current liabilities, 5) The current value of all net assets owned by the governmental Q) Financial resources used to provide electricity to local citizens D) Those assets that can quickly be converted into cash. E) Assets that are available to be used for current expenditures. 32) Which group of financial statements is prepared using the "modified accrual accoumting" 3) approach? A) Cost-based financial statements. B) General-purpose financial statements. C) GAAP-based financial statements. D) Govermment-wide financial statements. E) Governmental fund financial statements. 33) When a city received a county grant designated for providing food and other assistance to the homeless, the money should have been recorded in A) An Expendable Trust Fund. B) An Agency Fund. C) The General Fund. ) D) A Capital Projects Fund E) A Special Revenue Fund

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