Question :
117. Which of the following not considered to be a : 1255369
117. Which of the following is not considered to be a major user group by the GASB?
A)Citizen groups.
B)Investors and creditors.
C)Legislative and oversight officials.
D)Government executive branch officials.
118. The highest bond rating assigned by Moody’s is:
A)A+
B)A
C)AAA
D)AAA+
119. Which of the following items, helpful for analysis, could be found in the statistical section of the CAFR?
A)Assessed and actual (market) value of property.
B)Population trends.
C)Debt limit and margin.
D)All of the above.
120. The document often relied on for financial analysis by investors and creditors for bonds in the secondary market is:
A)the official statement issued by the government issuing the bonds.
B)the comprehensive annual financial report.
C)an analysis prepared by the government’s auditor.
D)none of the above.
121. To compute the unassigned fund balance/revenues—General Fund, one would need to look in the CAFR for the:
A)Governmental funds Balance Sheet.
B)Governmental funds Statement of Revenues, Expenditures, and Changes in Fund Balances.
C)Both A and B above.
D)Neither A nor B above.
122. To compute the operating ratio-enterprise funds, one would need to look in the CAFR for the:
A)Government-wide Statement of Net Assets.
B)Proprietary funds Statement of Revenues, Expenses, and Changes in Fund Net Assets.
C)Both A and B above.
D)Neither A nor B above.
123. To compute the net debt per capita, a user of financial statements would need to look at (in the CAFR):
A) the government-wide Statement of Net Assets and the population from the statistical section. .
B)the debt and the amount available to pay that debt in the governmental funds Balance Sheet, and the population from the statistical section.
C)the debt in the governmental funds Balance Sheet, the amount available in the government-wide Statement of Net Assets, and the population from the statistical section.
D)the debt in the government-wide Statement of Net Assets, the amount available to pay that debt in the governmental funds Balance Sheet, and the population from the statistical section.
124. In order to compute the operating ratio-enterprise funds, one would look in the CAFR in which of the following sections?
A)In the government-wide Statement of Net Assets.
B)In the proprietary funds Statement of Net Assets.
C)In the proprietary funds Statement of Revenues, Expenses, and Changes in Net Assets.
D)In the proprietary funds Statement of Cash Flows.
125. In order to compute the interest coverage on revenue bonds, one would look in the CAFR at the:
A)Government-wide Statement of Activities.
B)Government-wide Statement of Activities.
C)Budgetary Comparison Schedule.
D)Enterprise funds Statement of Revenues, Expenses, and Changes in Net Assets.
126. Which of the following is true regarding Service Efforts and Accomplishments Reporting?
A)SEA reporting utilizes both financial and non-financial performance measures.
B)GASB standards require the reporting of service efforts and accomplishments for public school systems.
C)Service efforts and accomplishments reporting is commonly covered by the auditor’s opinion.
D)All of the above.
or Waypoint 
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