According to GASB, Enterprise Funds Must Be Used When

Multiple Choice

According to GASB, 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 apply.