Multiple Choice
The ______ Funds are used when resources are provided primarily through the use of sales and service charges to parties external to the government and it is the intent of the government to measure revenues, expenses and changes in net position.
A) Agency
B) Enterprise
C) General
D) Special revenue
Correct Answer:
Verified
Correct Answer:
Verified
Q124: List and define the five classifications of
Q125: What are Enterprise funds used for?<br>A) To
Q126: Governments must have as many funds as
Q127: The term "fiduciary funds" applies to:<br>A) enterprise
Q128: The Federal Accounting Standards Advisory Board requires
Q130: Which of the following are governmental funds?<br>A)
Q131: Which fund category must change from modified
Q132: Government-wide statements use the:<br>A) current financial resources
Q133: Under GASB, accrual accounting is used for:<br>A)
Q134: The economic resource measurement focus and accrual