Which of the Following Account Balances Would Only Be Reported

question 43

Multiple Choice

Which of the following account balances would only be reported if a city-owned utility followed regulatory accounting principles?

• A) Depreciation expense.
• B) Pumping expense.
• C) Restricted Assets-Cash.
• D) Utility Plant Acquisition Adjustments.

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Definitions:

Pensive

Deeply or seriously thoughtful, often with a degree of sadness or melancholy.

Reflective Response

A thoughtful and considered reaction or reply that shows deep consideration of the received information or situation.

Reporting False Information

the act of deliberately sharing information that the provider knows is untrue.

Maintaining Excessive Contact

The practice of engaging in more communication or interaction with someone than is considered normal or healthy.