Question

1.) The fund financial statements included in the basic financial statements include separate balance sheets (or...

1.) The fund financial statements included in the basic financial statements include separate balance sheets (or statements of net position) for all of the following except

A. Proprietary funds.

B. Fiduciary funds.

C. Discretely presented component units.

D. Governmental funds.

2.)

Capital assets are not reported

A.

In the General Fund.
B.

In the Enterprise Funds.
C.

In governmental activities.
D.

In business-type activities.
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