1. Depreciation expense accounts would likely be found in thea General fundb Capital proje...

1. Depreciation expense accounts would likely be found in the

a General fund

b Capital projects fund

c Debt service fund

d Enterprise fund

2. The government-wide statements of a state government

a May not be issued separately from the comprehensive annual financial report

b Are prepared on both the accrual and modified accrual bases of accounting

c Include both governmental and proprietary funds

d Contain more-detailed information regarding the state government’s finances than is contained in the comprehensive annual financial report

3. Under the modified accrual basis of accounting for a governmental unit, revenues should be recognized in the accounting period in which they

a Are earned and become measurable

b Are collected

c Become available and measurable

d Become available and earned

4. Authority granted by a legislative body to make expenditures and to incur obligations is the definition of an

a Appropriation

b Allowance

c Encumbrance

d Expenditure

5. An expense would be reported in which of the following funds?

a Special revenue funds

b Capital projects funds

c Enterprise funds

d Permanent funds