Multiple Choice
What type of fund is used when resources are provided mainly through business-like transactions to parties external to the government?
A) Internal Service Funds
B) Capital Projects Funds
C) Agency Funds
D) Enterprise Funds
Correct Answer:
Verified
Correct Answer:
Verified
Q64: The FASAB was established to recommend accounting
Q65: The Governmental Accounting Standards Board sets financial
Q66: Which of the following fund types is
Q67: In FASB's Statement of Financial Accounting Concepts
Q68: According to the GASB, Capital assets:<br>A) must
Q70: The GASB and the FASB are parallel
Q71: Contrast revenue recognition under the accrual and
Q72: State and local governmental funds are organized
Q73: The FASAB has the authority to establish
Q74: Internal Service funds are treated as governmental