Multiple Choice
Which of the following is nottrue regarding proprietary funds?
A) Enterprise funds are used by governments to account for services provided to the general public on a user-charge basis.
B) General obligation bonds that will be paid from enterprise revenues must be reflected in the accounts of enterprise funds.
C) Internal service self-insurance should set fees based on anticipated charges or a long-range plan to break even over time.
D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.
Correct Answer:

Verified
Correct Answer:
Verified
Q1: When governments operate landfills as enterprise funds,
Q2: Capital assets of an enterprise fund should
Q3: An enterprise fund should be used when
Q4: Revenue bonds<br>A) Carry less risk than general
Q6: Major enterprise funds are to be presented
Q7: Restricted Net Position for a proprietary fund
Q8: Unlike enterprise funds, it is frequently desirable
Q9: The categories of Net Position for a
Q10: Proprietary funds must prepare the Statement of
Q11: The city is using an internal service