An Example of an Activity That Would Not Normally Be

question 125

Multiple Choice

An example of an activity that would not normally be accounted for in an enterprise fund would be:

• A) Swimming pool.
• B) Printing Services.
• C) Airport.
• D) Lottery.

---

Definitions:

Straight Line Amortization

A method of allocation of an asset's cost over its useful life in equal annual amounts.

Accounts Receivable

Money owed to a company by its customers for goods or services that have been delivered but not yet paid for.

Non-Controlling Interest

A stake in a company that is not large enough to control company decisions, representing ownership by minority shareholders in a subsidiary not wholly owned by the parent.

Equity Method

An accounting technique used to record investments in other companies, where the investment is initially recorded at cost and adjusted thereafter for the investor's share of the investee's profit or losses.