Question: An enterprise fund would be used when the governing body requires that I. Accounting for the financing of an agencys services to other government departments

An enterprise fund would be used when the governing body requires that I. Accounting for the financing of an agency’s services to other government departments be on a cost-reimbursement basis.

II. User charges cover the costs of general public services.

III. Net income information be reported for an activity.

a. I only.

b. I and II.

c. I and III.

d. II and III.

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