1 answer

4 pts The city of Pittsburgh has a sewer treatment plant that provides services to the...

Question:

4 pts The city of Pittsburgh has a sewer treatment plant that provides services to the public for a fee and is intended to be
Which of the following statements is always true? Depreciation is acceptable in governmental funds if a long-term asset is co
4 pts The city of Pittsburgh has a sewer treatment plant that provides services to the public for a fee and is intended to be a self-supporting activity. What type of fund would be most appropriate to account for this? Permanent Fund Agency Fund Enterprise Fund Internal Service Fund
Which of the following statements is always true? Depreciation is acceptable in governmental funds if a long-term asset is constructed rather than purchased. Financial statements for at least one governmental fund will always be prepared. The Statement of Cash Flows is required for the Government Wide Financial Statements. The revenues recorded by a Tax Agency Fund are included in the Government Wide Financial Statements.

Answers

Q 1: Enterprise fund.

An enterprise fund is a self-supporting government fund that sells goods and services to the public for a fee.

Q 2: Which of the following statements is always True?

Financial statements for atleast one governmental fund will always be prepared.

.

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