Multiple Choice
All of the following are true about proprietary funds EXCEPT:
A) They include Internal Service Funds and Enterprise Funds.
B) The economic resources focus is used.
C) They include the General Fund and Special Revenue Fund.
D) Accrual accounting is used as the basis of accounting.
Correct Answer:
Verified
Correct Answer:
Verified
Q6: The City of Thomasville had the following
Q8: GASB requires the indirect method to determine
Q9: What statement is not required for proprietary
Q14: The General Fund of the City of
Q16: The estimated costs of closure of solid
Q18: When estimating uncollectible accounts, an enterprise fund
Q19: Unlike internal service funds, it is frequently
Q48: Cash flow statements of proprietary funds must
Q52: Enterprise Funds and Internal Service Funds are
Q126: When an activity is created to provide