-Refer to the Graph Above to Answer This Question

question 141

Multiple Choice

-Refer to the graph above to answer this question.What is the maximum loss?

• A)0.
• B)$1,500.
• C)$2,000.
• D)$3,000.

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Definitions:

General Fund

The general fund is the primary operating fund of a government, supporting general activities and services such as public safety, parks, and general administration.

Agency Fund

A fiduciary account used by governmental entities to manage funds collected on behalf of others, such as taxes or grants.

Enterprise Fund

A fund used by a government to account for operations financed by user charges for services provided by the government.

Internal Service Fund

A fund used within governmental accounting to manage the costs and financing of services provided by one department to other departments on a cost-reimbursement basis.