Which of the Following Is a Difference Between Enterprise Funds

question 57

Multiple Choice

Which of the following is a difference between enterprise funds and internal service funds?

• A) The use of cost accounting by enterprise funds but not internal service funds.
• B) The customers who primarily benefit from the fund's service.
• C) The number of fund financial statements required.
• D) The measurement focus on economic resources for enterprise funds and current financial resources for internal service funds.

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Definitions:

Futures Position

A contractual agreement to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Exchange Rate

The value of one currency for the purpose of conversion to another, determining how much of one currency can be exchanged for another.

Portfolio's Beta

A measure of the volatility, or systemic risk, of a portfolio in comparison to the market as a whole.

S&P500 Value

Refers to a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States, focusing on their value aspects.