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."

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