QUESTION 23
The Comprehensive Annual Report
a. Is part of GASB's minimum requirements for SLG year-end external purpose financial reporting
b. Includes Major Fund Reporting for Government Funds and Enterprise Funds
c. Is not recommended by GASB to be prepared by SLGs
d. Includes 3 sections: Introductory, Fiduciary, and Statistical
QUESTION 24
An Independent Auditor's Report
a. Does not include an opinion on discretely presented component units
b. Is included in the Statistical Section of a CAFR
c. Expresses an opinion on whether the financial statements contained in a CAFR are presented fairly in accordance with generally accepted accounting principles
d. Is included in the Introductory Section of a CAFR
QUESTION 25
The components of Fund Net position for a Proprietary Fund include which of these?
a. Net Investment in GCA and GLTL, Restricted Net Position, Unrestricted Net Position
b. Revenues, Expenses, Other Financing Uses and Other Financing Sources
c. Net Investment in Capital Assets, Restricted Net Position, Unrestricted Net Position
d. Net investment in Capital Assets, Available Net Position, Unavailable Net Position
QUESTION 26
Which of the following represents one of the methods that may be used to include component units in a Primary Government's reporting entity?
a. Factoring
b. Consolidation
c. Blending
d. De minimis