Which of the Following Funds Report Fixed Assets on Their

question 63

Multiple Choice

Which of the following funds report fixed assets on their balance sheets?
I.Capital Projects fund
II.Internal Service fund
III.Enterprise fund
IV.Agency funds

• A)I,II
• B)II,III
• C)I,IV
• D)III,IV

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Definitions:

Organization

A structured group of people with a common goal, such as a business, government department, or charity.

Commercial Cleaning Business

A venture that provides cleaning services to commercial properties and establishments such as offices, schools, and hospitals.

Orientation

The process of introducing new employees to their job, colleagues, and the organization's culture and policies.

Socialization Process

The procedure through which individuals learn the norms, values, and practices of society or a particular group.