Multiple Choice
Which of the following is not a typical means of dissolving an internal service fund that a city no longer needs or wants?
A) Conversion of the fund's noncash assets to cash and distribution of the cash to another fund or funds.
B) Transfer the fund's assets to another fund that will continue the same or similar operating activities.
C) Distribute the fund's assets in kind to another fund or funds that will not continue the same or similar operating activities.
D) Transfer the fund's assets to a not-for-profit organization that provides charitable services in the community.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: The balance sheet format recommended for financial
Q41: Which of the following organizations or units
Q43: GASB requires interest capitalization for self-constructed assets
Q44: Unbilled customer accounts receivable should be reflected
Q47: A government provided original financing for its
Q48: The Supplies Fund,an internal service fund,of a
Q49: The City of Jennings operates a central
Q50: The following cash transactions were among those
Q51: A municipal solid waste landfill (MSWLF)accounted for
Q66: When utility customers are billed during the