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Under GASB standards, only proprietary funds prepare a statement of cash flows.

Which of the following would not be included within the financial section of the comprehensive annual financial report (CAFR)?

Other postemployment benefits may include which of the following?

An Olympic medalist swimmer who grew up in the city contributed $750,000 to the city requiring that the money be invested and that the earnings from the investments be used for maintenance of the swimming complex. The $750,000 would most appropriately be recorded in a(an):

It is common for a government that collects taxes on behalf of other governments to be authorized to withhold a certain percentage from the collections for each government.

The Central City Golf Course, an enterprise fund, purchased a new stove for use in the course’s snack shop. The debit for the entry to record the purchase of this piece of equipment should be to:

For a fiduciary fund relationship to exist the administering government cannot benefit from the assets of the fund.

When a supplies internal service fund records a billing to the General Fund, the journal entry in the internal service fund will include which of the following?

A statement of revenues, expenses, and changes in fund net position for an internal service fund is similar in many respects to an income statement prepared for a commercial business.

Which of the following statements concerning the reporting of expenses on the statement of activities is true?