Which of the Following Is Not True Regarding Enterprise Funds

question 100

Multiple Choice

Which of the following is not true regarding enterprise funds?

• A) Similar to commercial businesses, enterprise funds equity accounts include both contributed capital and retained earnings.
• B) A Statement of Revenues, Expenses, and Changes in Fund Net Assets would be the primary operating statement for enterprise funds.
• C) Enterprise funds' Cash Flow Statements could have up to four categories.
• D) None of the above; all are true.

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Definitions:

Group Polarisation

Describes the tendency of a group to make decisions that are more extreme than the initial inclination of its members, often leading to riskier or more conservative positions.

Prejudice

Preconceived opinion or bias against an individual or group without adequate knowledge, reason, or experience, often based on stereotypes.

Stereotype

A widely held but fixed and oversimplified image or idea of a particular type of person or thing.

Physical Appearance

The outward characteristics or look of a person or object, including features such as shape, color, and form.