In Which of the Following Circumstances Must an Enterprise Fund

question 66

Multiple Choice

In which of the following circumstances must an enterprise fund be used to account for the activity?

• A) A newly created electric utility fund will finance its operations by a charge to users based on kilowatt hours used.
• B) To finance the acquisition of plant facilities, a newly created electric utility issues general obligation debt.
• C) To finance the acquisition of plant facilities, a newly created electric utility issues revenue bonds that will be repaid solely from operations of the electric utility.
• D) To acquire needed plant facilities, a newly created electric utility enters into long-term lease agreements.

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Definitions:

Motivated Forgetting

The deliberate forgetting of an experience to avoid remembering unpleasant and painful events.

Prefrontal Cortex

A part of the brain located at the front of the frontal lobe, crucial for decision making, social behavior, and personality expression.

Method of Loci

A mnemonic device that involves associating items to be remembered with physical locations.

Vivid Mental Images

Highly detailed and clear mental pictures generated by the mind, often used in memory and creative processes.