An Internal Service Fund Would Report Which of the Following

question 17

Multiple Choice

An Internal Service Fund would report which of the following items on its balance sheet

• A) Restricted fund balance.
• B) Unrestricted net position.
• C) Assigned fund balance.
• D) Capital contributions.

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Definitions:

Bond Principal

The face value of a bond, or the amount of money the bond issuer will pay back to the bondholder at maturity.

Serial Bonds

Bonds that are issued under the same contract but mature at different times, allowing the issuer to spread the repayment over several periods.

Principal Retirement

The act of paying off the original sum of money borrowed in a loan, excluding interest payments.

Unsecured Bond

A bond not backed by collateral, relying on the issuer's creditworthiness.