X. 3-1 elect the best answer. 1. Appropriation budgets are typically concemed with a. The details of appropriated expenditures b. Long-term revenues and expenditures c. Current operating revenues and expenditures d. Capital outlays 2. Which of the following types of budgets would be most likely to include a line-item "purchase of supplies"? a. Object classification b. Performance c. Capital d. Program 3. Per GASB Statement No. 34, a budget-to-actual comparison must include columns for the actual results and a. The original budget only b. The final budget only CBoth the original and the final budget d. Both the amended and the final budget 4. Apportionments are made during which phase of the budget cycle? a. Preparation b. Legislative adoption and executive approval c. Execution d. Reporting and auditing 5. In adopting and recording the budget, a government should a. Debit estimated revenues and credit revenues. b. Credit estimated revenues and debit fund balance c. Debit revenues and credit fund balance d. Debit estimated revenues and credit fund balance 6. In closing budgetary and expenditure accounts at year-end, a government should a. Debit appropriations and credit expenditures b. Credit appropriations and debit expenditures c. Debit expenditures and credit fund balance d. Credit appropriations and debit fund balance 7. The prime function of budgetary entries is to a. Apportion appropriated expenditures to specific accounts b. Help the government monitor revenues and expenditures c. Amend the budget during the year d. Facilitate the year-end budget-to-actual comparisons 8. A government should debit an expenditure account upon a. Recording the budget b. Approving an apportionment vp iookshelf.vitaleource comstocksazas119495819/c8//1804/2/40B6/12/24400 898 omny@gmail.com