Internal Service Funds Report a Statement of Net Position and a General

question 27

Multiple Choice

Internal Service Funds report a statement of net position and a General Fund reports a balance sheet. Which of the following would potentially appear on both the statement of net position and the balance sheet?

• A) Inventory.
• B) Capital assets.
• C) Bonds payable.
• D) Temporarily restricted net position.

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Definitions:

Capable Workers

Capable workers are employees who possess the skills, knowledge, and abilities required to perform their jobs effectively.

Expectancy Theory

A motivational theory that suggests an individual's behavior is determined by their expected outcomes or rewards of taking certain actions.

Expectancy

The probability that work effort will be followed by performance accomplishment.

Instrumentality

The perceived relationship between performance and outcomes, suggesting that an individual's effort will lead to a specific result.