Which of the Following Statements Is True Concerning Intragovernmental Transfers

question 34

Multiple Choice

Which of the following statements is true concerning intragovernmental transfers of capital assets?

• A) If a proprietary fund is donating a capital asset to a general government department, the proprietary fund will debit capital contribution for the net book value of the donated capital asset.
• B) If a proprietary fund donates a capital asset to a general government department, it will be reported as a nonoperating expense in the proprietary fund but as a transfer between activities at the government-wide level.
• C) If a general government department donates a capital asset to an Enterprise Fund, the General Fund will debit transfer out for the net book value of the donated asset.
• D) If a general government department donates a capital asset to an Enterprise Fund, the General Fund will debit capital contribution for the original cost of the capital asset.

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Definitions:

Continues To Improve

An ongoing process of enhancement and development, aiming for higher quality and effectiveness in any given area.

High LMX Subordinates

Employees who have high-quality relationships with their leaders, characterized by mutual trust, respect, and obligation; part of Leader-Member Exchange (LMX) theory.

Special Exchange Relationship

A relationship characterized by unique interactions, often defined by mutual benefits not found in general relationships.

Overloaded

The state of having more work or responsibilities than one is able to manage effectively.