Enterprise and Internal Service Funds Should Recognize Revenues When They

question 35

Multiple Choice

Enterprise and internal service funds should recognize revenues when they are

• A)received in cash.
• B)available and earned.
• C)measurable and earned.
• D)measurable and available.

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Definitions:

Desperate Measures

Actions taken out of urgent necessity, often without regard for the consequences because the situation is considered dire.

Lasting Relationships

Relationships characterized by durability, stability, and deep emotional bonds that withstand the test of time.

Force

The physical power or strength exerted or capable of being exerted on an object or process to cause a change in motion or shape.

Social Acceptance

The process by which an individual gains approval, inclusion, or acknowledgment within a group or society.