Which of the Following Statements Is True Regarding Proprietary Funds

question 129

Multiple Choice

Which of the following statements is true regarding proprietary funds?

• A) Proprietary funds use the modified accrual basis of accounting.
• B) Accruals and deferrals common to business accounting are recorded in proprietary funds.
• C) GASB standards require budget-actual reporting for proprietary funds.
• D) The purchase of a capital asset is recorded as an expenditure in proprietary funds.

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Definitions:

Work-Related Stress

The response individuals may have when presented with work demands and pressures that are not matched to their knowledge and abilities.

Coping

Involves strategies and processes employed by individuals to manage stressful situations and emotions.

Workaholism

The behavior of working excessively and compulsively, prioritizing work over other aspects of life.

Compulsion To Work

A psychological drive that makes an individual feel the need to work excessively, often at the expense of personal and social well-being.