Which of the Following Is True Regarding Fund Classifications

question 96

Multiple Choice

Which of the following is true regarding fund classifications?

• A) Governmental funds include the General, special revenue, debt service, capital projects, and permanent.
• B) Proprietary funds include enterprise, internal service, and private-purpose.
• C) Both of the above.
• D) None of the above.

Apply the percentage of sales method to estimate future financial statement values.

Interpret the Du Pont identity in the context of return on equity (ROE) analysis.

Examine the effect of sales increases on retained earnings under constant profit margins.

Assess the sustainability of growth through calculations of retained earnings and need for external financing.

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Definitions:

National Power

The overall strength and capabilities of a country, encompassing economic, military, political, and cultural dimensions.

Privileges

Special rights or advantages available only to a particular person or group of people.

Immunities

Protections or exemptions from certain legal requirements or actions, often granted to specific individuals or groups under law.

Grant Money

Financial assistance provided by government agencies, foundations, or corporations to individuals, nonprofits, or businesses, typically for a specific project or purpose.