QUESTION 3 Which of the following funds would not be include

QUESTION 3 Which of the following funds would not be included in the government-wide financial statements EA Private Purpose Trust Fund. O B. Capital Project Fund. ° C. Enterprise Fund OD. Permanent Fund. QUESTION 4 Which of the following would be included in the Equity section of the government-wide Statement of Net Position? O A Retained Earnings. 0 B. Unassigned Fund Balance. ° C. Net investment in capital assets. D.Nonspendable fund balance.

Solution

3.

Option A is correct.

Private purpose trust fund is not included in the government wide-financial statement.

4.

Option C is correct.