Multiple Choice
Which type of fund entities are used to account for the activities of nonbusiness organizations that are similar to those of business enterprises?
A) Expendable fund entities
B) Proprietary fund entities
C) Budgetary fund entities
D) Restricted fund entities
Correct Answer:
Verified
Correct Answer:
Verified
Q1: The "reserve for encumbrances-prior year" account represents
Q2: On December 31, 2017, the following account
Q3: The GASB has the responsibility for establishing
Q4: The following related entries were recorded in
Q6: During 2017, the City of Party Beach
Q7: The entry to record the receipt of
Q8: The two basic statements prepared for expendable
Q9: Fund entities may be classified as expendable
Q10: The entry to close appropriations, expenditures, and
Q11: At the beginning of 2017, the City