Internal Service Funds Are Presented in a Single Column in the Proprietary

question 2

True/False

Internal service funds are presented in a single column in the proprietary fund financial statements, even if one or more of them is a major fund.

---

Definitions:

Operating Cycle

The duration of time from the acquisition of goods for resale or the start of a service to the receipt of payment from customers.

Cash Cycle

The period between the outlay of cash for raw materials and receiving payment from customers, reflecting the efficiency of a company's cash flow management.

Quarterly Receipts

Refers to the income or revenue received by a business, organization, or government on a quarterly basis.

Quarterly Disbursements

The act of paying out or distributing company funds, typically dividends or investments, on a quarterly basis.