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2. Where can the budgetary comparison for the General Fund be found in statements prepared...

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Accounting

2. Where can the budgetary comparison for the General Fund be found in statements prepared under GASBS 34? a. Required supplementary information. b. Basic financial statements. c. Neither a nor b. d. Could be either a or b.

10. Exhaustible general capital assets, such as buildings and equipment used by governmental activities, should: a. Not be depreciated. b. Be depreciated and reported in the Governmental Activities column of the government-wide statements of net assets. c. Be depreciated and reported in either the Business-Type Activities column or the Governmental Activities column of the government-wide financial statements, as appropriate. d. Be depreciated and reported in the Governmental Activities column of the government-wide statements of net assets and the governmental funds balance sheet.

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