Governments must classify bank balance in one of three categories.  Which of the following is NOT one of those categories?Answer

Selected Answer:

   Uncollateralized.

Correct Answer:

   Insured, registered in the name of the government or held by the government or its agent in the government’s name.

Investments, other than bank balances, must be classified into one of three categories.  Which of the following is NOT one of those categories?Answer

Selected Answer:

   Uncollateralized.

Correct Answer:

   Uncollateralized.

Which of the following costs will be included in the cost of land on the government-wide financial statements?Answer

Selected Answer:

   All of the above.

Correct Answer:

   All of the above.