Multiple Choice
A permanent fund classified under governmental funds…
A) Accounts for most of the basic services provided by the governmental unit.
B) Accounts for financial resources intended for major capital projects
C) Accounts for services provided by one department of a government to another
D) Accounts for resources that are legally restricted so only earnings, not principal, may be expended, and for purposes to benefit the government and its citizenry.
Correct Answer:
Verified
Correct Answer:
Verified
Q27: Depreciation on capital assets is not included
Q29: The format and content of supplementary information
Q64: The FASAB was established to recommend accounting
Q93: What basis of accounting would the Enterprise
Q97: According to GASB standards relating to Budgetary
Q107: Depreciation on capital assets is included as
Q118: For most state and local governments, the
Q120: The term "fiduciary funds" applies to:<br>A) enterprise
Q122: What are Enterprise funds used for?<br>A) To
Q132: Government-wide statements use the:<br>A) current financial resources