The GASB requires governments to present budgetary comparisons in their external annual financial statements (either as an additional financial statement or as schedules in required supplementary information). What does the GASB require these statements/schedules to include?

a. The original adopted budget and the final adopted budget

b. The original adopted budget, the final appropriated budget, and actual revenues and expenses on the governments budgetary basis of accounting

c. The original adopted budget, the final appropriated budget, and actual revenues and expenses on the accrual basis of accounting

d. The original adopted budget, the final appropriated budget, and actual revenues and expenses on the modified accrual basis of accounting

The GASB requires governments to include budgetary comparison schedules or statements for which of the following funds?

a. All governmental funds

b. All funds

c. General fund, major special revenue funds, and major capital projects funds

d. General fund and each major special revenue fund that has a legally adopted budget

Which of the following types of liabilities is least likely to appear in the balance sheet of a governmental-type fund?

a. Amounts owed to suppliers of goods and services

b. Amounts owed to bondholders over the entire 20-year life of a debt

c. Amounts owed to other funds

d. Amounts owed to employees for services performed before an accounting period ends