Which of the following accounts are used to display

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Fraud Examination
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Chapter 1 / Exercise 13
Fraud Examination
Albrecht/Albrecht
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34. Which of the following accounts are used to display the difference between assets and liabilities in a federal agency Balance Sheet? A)Unrestricted Net Assets, Restricted Net Assets, and Invested in Capital Assets Netof Related Debt.B)Unassigned, Assigned, Committed, Restricted and Nonspendable fund balance.C)Unrestricted, Temporarily Restricted, and Permanently Restricted Net AssetsD)Unexpended Appropriations and Cumulative Results of OperationsAnswer: D
35. Which of the following is accurate regarding a federal agency’s Statement of Net Costs?
36. Which of the following is (are) accurate regarding a federal agency’s Statement of Net Costs?
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Fraud Examination
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Chapter 1 / Exercise 13
Fraud Examination
Albrecht/Albrecht
Expert Verified
Chapter 14 - Financial Reporting by the Federal Government37. Which of the following is (are) accurate regarding a federal agency’s Statement of Changes in Net Position?
38. Which of the following is (are) accurate regarding a federal agency’s Statement of Budgetary Resources? A)The statement reports the status of budgetary resources at year end.B)Outlays are measured using the accrual basis of accounting.C)Both (a) and (b)D)Neither (a) nor (b)Answer: A
39. Which of the following federal entities would notbe required to prepare a Statement of Custodial Activity?
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Chapter 14 - Financial Reporting by the Federal Government

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