1. Which of the following statements is correct?

1. It is normal for the unrestricted net position reported for governmental activities on the statement of net position to be a positive amount for most state and local governments.
2. The elimination of interfund receivables and payables between governmental funds and internal service funds is needed so that assets and liabilities of governmental activities are not grossed up.
3. A and B.
4. Neither A or B.

2. Which of the following statements is correct?

1. Receivables and payables between governmental activities and business-type activities are not reported on the statement of net position.
2. The amount reported for committed fund balance on the governmental funds balance sheet will be reported in unrestricted net position for governmental activities on the statement of net position.
3. A and B.
4. Neither A nor B.

3. Which of the following statements is correct about account groups?

1. Account groups are maintained for both the general fixed assets and the general long-term debt of the governmental funds.
2. Account groups are both fiscal and accounting entities.
3. A and B.
4. Neither A nor B.