Which of the Following Is Not True Regarding Enterprise Funds

question 121

Multiple Choice

Which of the following is not true regarding enterprise funds?

• A) Enterprise funds record long-term debt directly in the fund accounts.
• B) Enterprise funds record capital assets directly in the fund accounts.
• C) Enterprise funds report a Statement of Cash Flows.
• D) The difference between assets and liabilities of enterprise funds is called "Fund Balance."

---

Definitions:

Growth Mindset

The belief that one's abilities and intelligence can be developed through dedication, hard work, and resilience.

Cognitive Strategies

Techniques that people use to learn more efficiently, managing and applying their cognitive skills effectively for understanding and problem-solving.

Paradigm Shifts

Significant changes in the fundamental concepts, methods, or practices within a particular field or discipline, leading to a new framework or understanding.

Negative Passion

A strong feeling about an activity or concept that leads to adverse effects on one's well-being or performance.