Which of the Following Activities Is NOT an Activity in Which

question 46

Multiple Choice

Which of the following activities is NOT an activity in which a government might engage?

• A) Selling electric power.
• B) Operating a golf course.
• C) Operating a bookstore.
• D) All of the above are activities that might be carried out by a government.

---

Definitions:

Intra-Entity Transactions

Transactions that occur between entities within the same parent company, which may need to be eliminated in consolidated financial statements.

Straight-Line Deprecation

A method of calculating the depreciation of an asset, where the cost is evenly spread over its useful life.

Intra-Entity Transfer

Refers to the movement of goods, services, or funds between different departments or units of the same organization.

Accumulated Depreciation

The total amount of depreciation expense that has been recorded against an asset, reflecting its reduction in value over time.