Which of the Following Funds Is Reported as a Governmental

question 15

Multiple Choice

Which of the following funds is reported as a governmental fund even though it is not considered to be expendable in nature?

• A) Special Revenue Fund
• B) Capital Projects Fund
• C) Permanent Fund
• D) Pension Trust Fund

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Definitions:

Financing Activities

Actions that result in changes in the size and composition of the equity capital or borrowings of a company, as reported in the cash flow statement.

IFRS

International Financial Reporting Standards, a set of accounting standards developed by an independent organization for global use.

Operating Activities

Day-to-day actions that are involved in running a business, such as sales, purchasing, and paying expenses, that affect the company's cash flow.

Financing Activities

Transactions involving raising capital and repaying investors, including issuing equity, borrowing funds, and repaying debt, as part of the company's cash flow activities.