Which of the Following Is not True Regarding Proprietary Funds

question 124

Multiple Choice

Which of the following is not true regarding proprietary funds?

• A) Accrual accounting and the economic resource measurement focus are used.
• B) Statements required are the Balance Sheet, the Statement of Revenues, Expenditures, and Changes in Fund Balances, and the Statement of Cash Flows.
• C) Long Term debt is recorded directly in the accounts.
• D) Proprietary funds financial reports include the Statement of Net Position, Statement of Revenues, Expenses, and Changes in Fund Net Position, and Statement of Cash Flows.

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Definitions:

Community Vehicles

Definition: Tools or platforms used to engage, mobilize, and connect members of a specific community or group towards shared goals or interests.

Social Engagement

Social engagement refers to the ways in which individuals interact with each other and participate in community or social activities, often facilitated by digital platforms.

Network Structure

The arrangement of components (nodes and links) within a network, defining how they are interconnected.

Decentralization

The distribution of power, authority, or functions from a central authority to smaller units or individuals, fostering diversity and potentially enhancing efficiency.