Which of the Following Is True Regarding Fund Classifications

question 93

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) Neither of the above

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Definitions:

Common Stock Outstanding

The total number of a company's shares of common stock that are currently owned by investors, including both public and private investors.

Treasury Stock

Previously issued stock that has been bought back by the issuing company, reducing the amount of outstanding stock in the market.

Additional Paid-in Capital

The amount of money investors pay for shares above the par value during stock issuance, reflecting surplus investor contribution.

Cost Method

An accounting method used to value an investment, where the investment is recorded at its acquisition cost, without recognizing any changes in market value.