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    Business
  3. Study Set
    Governmental and Nonprofit Accounting
  4. Exam
    Exam 1: Governmental and Nonprofit Accountingenvironment and Characteristics
  5. Question
    Expenses in a Proprietary (Nonexpendable) Fund Would Not Include
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Expenses in a Proprietary (Nonexpendable) Fund Would Not Include

Question 7

Question 7

Multiple Choice

Expenses in a proprietary (nonexpendable) fund would not include


A) Salaries and wages.
B) Long-term debt interest payments.
C) Long-term debt principal retirement.
D) Depreciation.

Correct Answer:

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