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GFOA CPFO Exam - Topic 8 Question 125 Discussion

Because of the current financial measurement focus of the Governmental Funds, they do not report:
D) Either A or B
A) Capital Assets
B) Long-term debt
C) Cash equivalents

GFOA CPFO Exam - Topic 8 Question 125 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 125
Topic #: 8
[All CPFO Questions]

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

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Suggested Answer: D

by Anglea at May 02, 2026, 07:24 PM

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Paulina
I lean towards A) Capital Assets. They should report everything!
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Chantell
5 days ago
Yeah, Governmental Funds focus on current financials, not long-term.
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Tom
10 days ago
I feel like it's confusing, but D makes sense.
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Nieves
15 days ago
Agreed, they don't report capital assets or long-term debt.
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Rodrigo
21 days ago
I think it's D) Either A or B.
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Magdalene
26 days ago
It's definitely D, either A or B!
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Dion
1 month ago
Long-term debt isn't reported either, right?
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Owen
1 month ago
Wait, are you sure about that? Sounds off.
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Gilbert
1 month ago
Totally agree, it's A for sure!
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Glen
2 months ago
They don't report capital assets.
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Viki
2 months ago
I definitely recall something about not reporting capital assets, but I’m not sure if long-term debt is included too. Maybe it’s D?
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Chantell
3 months ago
I’m a bit unsure, but I feel like cash equivalents are still reported. Isn’t that more about liquidity?
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Broderick
3 months ago
I remember a practice question that mentioned long-term debt not being reported in Governmental Funds. Could it be both A and B?
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Rasheeda
4 months ago
I think Governmental Funds focus on current financial resources, so they probably don’t report capital assets, right?
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