Which of the Following Funds Would Not Be Included in the Government-Wide

question 38

Multiple Choice

Which of the following funds would not be included in the government-wide financial statements

• A) Private Purpose Trust Fund.
• B) Capital Project Fund.
• C) Enterprise Fund.
• D) Permanent Fund.

---

Definitions:

Absorption Costing

Absorption costing is an accounting method that includes all direct and indirect manufacturing costs in the cost of a product.

Manager Bonuses

Extra compensation awarded to managers based on performance criteria or company profitability.

Absorption Costing

An accounting method that includes all manufacturing costs – direct materials, direct labor, and both variable and fixed overhead – in the cost of a product.

Income

The financial gain received by an individual or a business, typically from employment, investments, or sales of goods and services.