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    Accounting for Governmental
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    Exam 7: Accounting for the Business-type Activities of State and Local Governments
  5. Question
    "Enterprise Funds Should Not Be Permitted to Accumulate Unrestricted Net
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"Enterprise Funds Should Not Be Permitted to Accumulate Unrestricted Net

Question 26

Question 26

Essay

"Enterprise funds should not be permitted to accumulate unrestricted net position, since to do so would indicate overpricing of its services." Do you agree? Why or why not?

Correct Answer:

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No. It is in the best interest of taxpay...

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