Problem 1: Which of the following items are typically reported differently between the governmental fund statements and the Governmental Activities column of the government-wide statements?
A. Capital outlays.
B. Cash collected on property taxes receivable.
C. Accounts payable and other accrued expenses.
D. Inventories.
Problem 2: Which of the following is not an objective identified in FASAB Statement of Accounting and Reporting Concepts No. 1?
A. To assist report users in evaluating budgetary integrity.
B. To assist report users in evaluating the extent to which tax burdens have changed.
C. To assist report users in evaluating stewardship.
D. To assist report users in evaluating operating performance.