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If a governmmental unit decides to account for its risk management activities in a single fund, it must use Select one: O a. The general fund. O b. An internal service fund O c. Either the general fund or an internal service fund O d. An enterprise fund. The following assets are among those accounted for by a county. ASSETS ACCOUNTED FOR BY A COUNTY Apartment Building (part of a nonexpendable private purpose trust fund City Hall Fire Stations 200,000 800,000 1,000,000 5,000,000 City Streets and Sidewalks How much should be included in general capital assets of the county when preparing the government wide financial statements? Select one: O a. $6,800,000 b. $7,000,000. . $2,000,000. Od. $1,800,000 or $6,800,000, depending on county policy. Which of the following would generally be included in the Statement of Net Assets for an enterprise fund? TEM INCLUDED IN STATEMENT OF NET ASSETS FOR ENTERPRISE FUND Encumbrances Outstanding NO NO YES NO Revenue Bonds Payable Net Assets-Unassigned YES NO NO NO YES NO YES YES Select one: O c. (b) O d. (c) A county collects property taxes levied within its boundaries and receives from other governments a two percent fee for administering those collections. For the fiscal year ending June 30, 20x4, the county collected S300,000 for a city within the county, $1,200,000 for the county school strict, and 5400,000 for the county General Fund. For the initial recording of the fee, the county Tax Agency Fund should record a credit to Select one: O a. Due To County General Fund for $30,000. O b. Revenues for $30,000 O c. Tax Agency Fund Balance for $30,000 O d Tax Agency Net Assets for $30,000

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