Internal Service Funds differ from Enterprise Funds because Internal Service Funds A) are a proprietary fund. B)

Fantastic news! We've Found the answer you've been seeking!

Question:

Internal Service Funds differ from Enterprise Funds because Internal Service Funds
A) are a proprietary fund.
B) are intended to show a profit.
C) charge for their services.
D) provide goods and services primarily to other government agencies.

Related Book For answer-question

Government and Not for Profit Accounting Concepts and Practices

ISBN: 978-1118155974

6th edition

Authors: Michael H. Granof, Saleha B. Khumawala

See More Books

Posted Date: Jun 07, 2022 06:43 AM

See More Questions

1.In what way do Internal Service Funds differ from Enterprise Funds? a.in the basis of accounting that they use b.in the nature of the entities to which they supply goods or services c.in the...
Enterprise funds are also reported differently than are internal service funds in the proprietary fund statements of net position, and in the statements of revenues, expenses, and changes in net...
Internal Service Funds are required to be reported by fund type in the basic financial statements. Discuss the significance of this requirement. Compare and contrast the financial reporting required...
TDS is a national delivery company based at Thornton Science Park. They employ 5 0 staff including administration, vehicle drivers, and warehouse workers. Their system is reliant on IT systems. Their...
Define and contrast spyware, spam, and cookies.
Light of wavelength \(\lambda\) is incident on an aperture of width \(a\), producing diffraction. Describe the change(s) in the diffracted waves \((a)\) when the aperture width is doubled and \((b)\)...
Explain with a neat sketch the working of fast and loose pulley.
The article concludes on the note that conflict need not be a bad thing. Compare this view with that in the chapter concerning the win-win approach to negotiation.
Half a liter of gas in an air conditioner is initially at a temperature of 25 degrees Celsius and 2.0 atm of pressure. The volume of the gas is rapidly expanded to 2 L and the pressure of the gas...
A storage tank is connected to a pond (at atmospheric pressure!) by a length of 3-in pipe and two gate valves. From previous operating experience, it has been found that when the tank is at a...
10) What tool provides feedback on the customer's/patient's experience? myCustomer Connection Colleague Engagement Survey New Hire Survey myStore Health 11) Which of the following abbreviations...
How are quick response (QR) codes employed in mobile advertising?
Why is social media considered technologys answer to personal selling?
Why is it important that social media efforts talk to, rather than at, the target audience?
What does mobile add to the promotional mix?
If guerrilla marketing is not used to immediately encourage a sale or passively tell a story, what is it used for?
Determine the electric force between a 4.0 C charge and a -3.0 C charge separated by 25 cm. a. 6.9 N repulsive b. 1.7 N attractive c. 1.4x105 N attractive d. 6.9 N attractive e. 1.7 N repulsive
Find the equation of the plane passing through the points P 5,4,3 ,Q 4,3,1 and R 1,5,4
A town's library system is a legally constituted government entity. It is governed by a ten-person board. Six of the members are appointed by the town's council; the other four are selected by the...
The Mainor School District is about to establish a 30-machine computer lab. It is considering six alternative means of acquiring and nancing the machines: 1. Buy the machines outright; cost will be...
This problem is based on a recent annual report of the City of Tucson. Dates have been changed. 1. The letter of transmittal from the city's nance director reports that the city's bonds were rated AA...
Determine whether each of the following statements is true or false: Management accountants often work in cross-functional teams throughout the organization.
Determine whether each of the following statements is true or false: The internal audit function reports to the audit committee of the board of directors.
Determine whether each of the following statements is true or false: Management accountants are now more often looked upon as internal business advisors rather than bean counters recording historical...

Internal Service Funds differ from Enterprise Funds because Internal Service Funds A) are a proprietary fund. B)

Question:

Expert Answer:

An Internal Service Fund typically provides services to the ... View the full answer

Government and Not for Profit Accounting Concepts and Practices

Students also viewed these accounting questions