1. When preparing external financial statements that are in accordance with generally accepted accounting principles, a government is required to prepare

A.Basic Financial Statements

B.A CAFR

C.None of the above

D.Both items A and B

2.In the statement of activities, depreciation is reported on

A.All depreciable capital assets of the government.

B.All depreciable capital assets of the government except infrastructure assets that use the modified approach.

C.Only depreciable capital assets of governmental activities of the government.

D.Only depreciable capital assets of business-type activities of the government