1.Sample City has identified the non-major funds within its fund types. In its financial report, Sample City:
 
　　a.Must include combining financial statements for non-major funds for each fund type in the required supplementary information.
 
　　b.Must include combining financial statements for non-major funds for each fund type in the basic financial statements.
 
　　c.May include combining financial statements for non-major funds for each fund type in the supplementary information.
 
　　d.Must include combining financial statement disclosures for non-major funds for each fund type in the notes to the financial statements.
 
　　2.Altruistic University, a not-for-profit research university, conducts cancer research as part of its normal ongoing activities and regularly receives contributions to support these efforts. Experimental Pharmaceuticals Corporation, a large for profit corporation that markets drugs for cancer treatment, provides resources to Altruistic University to perform clinical trial research on an experimental drug to treat cancer. Resources are provided on the condition that Altruistic University comply with strict specifications governing the manner in which the research is conducted and the frequency and the character of outcome reports. Altruistic University should account for the resources provided by Experimental Pharmaceuticals as:
 
　　a.A contribution that increases temporarily restricted net assets and is reclassified as an increase to unrestricted net assets upon satisfaction of research and reporting restrictions.
 
　　b.A contribution that increases permanently restricted net assets.
 
　　c.An exchange transaction that increases unrestricted net assets.
 
　　d.A contribution that increases unrestricted net assets provided the restrictions are met in the current year and the university uniformly applies this method of recognition to all similar transactions.
 
　　3.An expenditures account appears in
 
　　A. The Government-wide statements.
 
　　B. The Proprietary fund statements.
 
　　C. The Governmental fund statements.
 
　　D. The Fiduciary fund statements.
 
　　4.In a combination properly accounted for as a transfer, the transferee government should recognize the net fund balance of an operation it receives as a(n):
 
　　A.Other financing source.
 
　　B.Deferred inflow.
 
　　C.Special item.
 
　　D.Other financing use.
 
　　Answer:
 
　　1.C
 
　　Choice "C" is correct. Sample City may report combining non-major individual fund financial statements in the supplementary information. Reporting the combining fund financial statements is optional.
 
　　2.C
 
　　Choice "C" is correct. This is an exchange transaction, which increases unrestricted net assets. The results of the clinical trials performed by Altruistic University have a commercial value to Experimental Pharmaceuticals Corporation. Resources have been provided in exchange for research results and do not constitute a contribution.
 
　　3.C
 
　　This answer is correct because the expenditures account appears in the governmental fund Statement of Revenues, Expenditures, and Changes in Fund Balances. 政府基金中，可以使用“开支”这一科目，因为只有modified accrual basis才用expenditure.
 
　　4.C
 
　　Choice "C" is correct. Transferee governments should recognize the net fund balance of an operation it receives as a special item in the period the transfer occurs.Choice "a" is incorrect. Transferee governments classify the net fund balances of the operation it receives as a special item, not an other financing source.Choice "d" is incorrect. Transferee governments classify the net fund balances of the operation it receives as a special item, not an other financing use.Choice "b" is incorrect. Transferee governments classify the net fund balances of the operation it receives as a special item, not a deferred inflow.

 
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