Which one of the following statements is the part of practices that States regulate?

A. Preparation of specifications

B. Advertising the letting of contracts and Project Scheduling

C. Minority Goals

D. All of these

Proprietary and fiduciary funds use the economic resources measurement focus and the accrual basis of accounting. Proprietary funds focus on changes in economic resources, similar to private sector businesses, asking:

A. What transaction and events have increased the fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

B. What transaction and events have decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

C. What transaction and events have increased or decreased he fund's total economic resources during the reporting period, measured by changes in net assets like revenues and expenses?

D. None of these

Because of the current financial measurement focus of the Governmental Funds, they do not report:

A. Capital Assets

B. Long-term debt

C. Cash equivalents

D. Either A or B

To find a nationally recognized bond counsel, governments can consult ____________ which lists

A. the Directory of Municipal Bond Dealers

B. Financial Adviser

C. Tax-exempt bond counsel

D. All of these

If the $20,000 is loaned at a stated interest rate of 10%with the requirement that an 18% minimum compensating balance be kept, the APR (annual percentage rate) is:

A. 12.07%

B. 12.00%

C. 12.2%

D. 13%