Which of the Following Accounts Properly Would Not Appear in the Operating

question 7

Multiple Choice

Which of the following accounts properly would not appear in the operating statement of a proprietary-type fund?

• A)transfer in from the general fund
• B)depreciation expense
• C)expenditures--capital outlay
• D)revenues--charges for services

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Definitions:

Internal Rate of Return

The internal rate of return (IRR) is the discount rate that makes the net present value (NPV) of all cash flows from a particular project equal to zero, used to evaluate the profitability of potential investments.

Self-Storage Units

Facilities where individuals or businesses can rent space on a short-term basis to store personal possessions, inventory, or records securely.

Bakery Outlets

Retail stores that sell bakery products directly from manufacturers, often at discounted prices due to surplus or approaching expiration dates.

Fresh Baked Goods

Food items like bread, pastries, and cakes that are recently made and have not been preserved by any artificial means.