What kinds of expenditures are accounted for in Debt Service Funds? (One sentence answer) 2. What is the major purpose of the statement of net assets from a financial analysis perspective?(One sentence answer) 3. When a not-for-profit entity’s funds are classified as restricted, who has imposed the restrictions?(One sentence answer) 4. A hospital had gross patient billings of $43 million, contractual adjustments of $8 million, and charity care of $1,500,000. The hospital also made a provision for bad debts in the amount of $1,000,000. How much should the hospital report as net patient service revenue?(One sentence answer) 5. When should property tax revenues be recognized in the accounting records? (One sentence answer) 6. Which fund categories should be included in the fund-level financial statements?(One sentence answer) 7. The January 1 inventory of supplies in an Internal Service Fund is $9,000. The fund purchases $23,000 of supplies during the year. The December 31 inventory of supplies is $6,000. If the pricing objective of the fund is to be achieved, what dollar amount of supplies will be included in the Fund’s cost of goods sold for the year?(One sentence answer)8. In what part of a county’s General Fund balance sheet would you expect to find the account Fund balance reserved for encumbrances?(One sentence answer) 9. When the chief executive of a governmental unit submits a “balanced budget” to the legislative body, what does it usually mean?(One sentence answer) 10. How should bonds payable be reported on government-wide financial statements?(One sentence answer) 1