Multiple Choice
According to GASB 34,Enterprise funds must be used when:
A) Debt is backed solely by fees and charges.
B) A legal requirement exists that the cost of providing services for an activity, including capital costs, be recovered through fees or charges.
C) A government has a policy to establish fees and charges to cover the cost of providing services for an activity.
D) Any of the above applies.
Correct Answer:
Verified
Correct Answer:
Verified
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