Chapter 5
5-1.
The solution to this and the first exercise of Chapters 14 and 69 will differ from
student to student, assuming each has a different CAFR.
5-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
5-3.
1.
2.
3.
4.
5.
6.
7.
5
D.
C.
B.
C.
D.
A.
C.
D.
C.
A.
D.
A.
D
Chapter 6
6-1.
The solution to this and the first exercise of Chapters 15 and 79 will differ from
student to student assuming each has a different CAFR.
6-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
D. GASB does not require the use of internal service funds
B.
A.
B
Chapter 13
13-1. The solution to this and the first exercise of Chapters 1 through 9 will vary from student
to student, assuming each has a different CAFR.
13-2.
The solution to this exercise will vary from student to student, assuming each has a
differen
Chapter 12
12-1.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
D.
C.
C.
A.
D.
A.
D.
C.
C.
C.
12-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
A.
D.
B.
C.
D.
C.
D.
D.
D.
A.
12-3.
OPERATING
REVENUES
Increase
1
2
3
4
5
6
7
8
9
10
Decrease
OPERATING
EXPENSES
Increase
Decrease
OTHER
INC
Chapter 11
11-1. 1.
2.
3.
4.
5.
D.
A.
B.
B.
A.
6.
7.
8.
9.
10.
C.
C.
A.
C.
B.
11-2. 1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
B (See Chapter 9 for Public Colleges and Universities).
C (See Chapter 9 for Public Colleges and Universities).
A (See Chapter 9 for Public
Chapter 10
10-1. 1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
10-2. 1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
C.
C.
A.
B.
A.
C.
C.
D.
B.
A.
B.
D.
C.
A.
C.
D.
C.
B.
C.
B.
10-3.
UNRESTRICTED
NET ASSETS
Increase
1
2
3
4
5
6
7
8
9
10
Decrease
TEMPORARILY
RESTRICTED NET
ASSETS
Increas
Chapter 9
9.1.
The solution to this problem will differ from student to student, assuming each has a
different college financial report.
9-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
C.
C.
A.
A.
B.
C.
C.
C.
D.
A.
9-3.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
D.
C.
C.
A.
C.
C
Chapter 8
8-1.
The solution to this and the first exercise of Chapters 17 and 9 will differ from student to
student assuming each has a different CAFR.
8-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
8-3.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
8-4.
1.
2. A.
B.
A.
B.
C.
B.
A.
Chapter 7
7.1.
The answers to this, and to the first exercise of Chapters 16 and 89 will vary from
student to student, assuming each has a different CAFR.
7-2.
1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
D. There is no fund equity in agency funds
D.
B.
C.
B.
D.
C.
A.
Chapter 4
4-1.
The solution to this and the first exercise of Chapters 13 and 59 will differ from
student to student, assuming each has a different CAFR.
4-2.
1.
2.
3.
4.
5.
C.
C
B.
C.
B.
6.
7.
8.
9.
10.
C.
D.
D.
A.
C.
4-3.
1.
2.
3.
4.
5.
D.
B.
A.
B.
C.
6
Chapter 3
3-1.
The solution to this and the first exercise of Chapters 1 and 2 and 4 through 9 will differ
from student to student assuming each has a different CAFR.
3-2.
1.
2.
3.
4
C.
D.
B.
4. C.
5.
C.
6.
B.
7.
A.
8. C.
9.
A.
10. B.
3-3.
1.
2.
3.
4.
5.
Chapter 2
2.1.
The solution to this and the first exercise of Chapters 1 and 3 through 9 will
differ from student to student assuming each has a different CAFR.
2-2.
1.
2.
3.
4.
5.
C.
D.
A.
D.
C.
6. B.
7. D.
8. B.
9. B.
10. D.
2-3.
1.
2.
3.
4.
5.
B.
C.
B.
Chapter 1
1-1
The solution to this and the first exercise of Chapters 2 through 9 will differ from
student to student assuming each has a different CAFR.
1-2.
1.
2.
3.
4.
5.
B.
A.
C
D.
D.
6.
7.
8.
9.
10.
C.
A.
D.
D.
D.
1-3.
1.
2.
3.
4.
5.
B.
D.
C.
A.
C.
6