Quiz 4: The General Fund and Special Revenue Funds

Business

1. A 2. D 3. F 4. G 5. A 6. C 7. E 8. D 9. C 10. E 11. C 12. B

1. E 2. A 3. A 4. G (Special item) 5. D 6. C 7. B 8. F 9. H 10. B 11. E 12. D 13. E 14. X (Reimbursement) 15. G (Extraordinary item) 16. A 17. D 18. B 19. E 20. A

Requirement #2 img *There are several possible answers to this question, all of them correct at this stage of the book: The decrease of $30 indicates removing the historical cost of the vehicle. A decrease of $30 and an increase of $21 in the GCA and Net Position columns would indicate removing the historical cost of the asset and its accumulated depreciation. A decrease of $9 in the GCA and Net Position columns would indicate removing the net book value of the asset from the books.