Which of the following transactions or events will not be reported in a governmental fund's operating statement, assuming that all relate to general government activities? o A. Depreciation of capital assets B. Incurrence of construction costs on a construction project C. Incurrence of salary costs D. Issuance of bonds payable due in 10 years Submit Answer General long-term debt proceeds are reported in governmental fund financial statements as: A. direct additions to fund balance. o B. other financing sources. C revenues D. transfers. mit A What user groups does the GASB not view as primary user groups for government external financial reporting? A. Citizenry B. Investors and creditors O C. Labor unions representing government employees D. Legislative and oversight bodies Submit Answers