Which of the Following Is True Regarding Internal Service Funds

question 130

Multiple Choice

Which of the following is true regarding internal service funds?

• A) Internal service funds provide services primarily to external users on a user charge basis.
• B) Internal service funds normally record the annual budget in the accounts.
• C) Internal service funds' capital assets are not accounted for in the accounts.
• D) Internal service funds use accrual accounting and the economic resources measurement focus.

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Definitions:

Blind Spot

An area in the visual field that lacks light-detecting photoreceptor cells, making it insensitive to light.

Ganglion Cells

Specialized neurons located in the retina that play a critical role in the visual system by transmitting image information from the photoreceptors to the brain.

Photoreceptor Cells

Specialized cells in the retina of the eye that respond to light, enabling vision by converting light into electrical signals.

Pupil

The opening in the center of the iris of the eye that controls how much light enters the eye.