Under which of the following circumstances must an enterprise fund be used?

11
Josefina Rosenbaum asked a question: Under which of the following circumstances must an enterprise fund be used?
Asked By: Josefina Rosenbaum
Date created: Fri, Apr 2, 2021 2:18 PM
Date updated: Thu, May 26, 2022 2:55 PM

Content

Top best answers to the question «Under which of the following circumstances must an enterprise fund be used»

Under which of the following circumstances must an enterprise fund be used? When its activities are financed with debt that is secured solely by a pledge of the net revenues from the charges made by the activity.

FAQ

Those who are looking for an answer to the question «Under which of the following circumstances must an enterprise fund be used?» often ask the following questions:

💰 Under what circumstances is an enterprise fund required to be used?

An enterprise fund is required to be used if the cost of providing services for an activity including capital costs (such as depreciation or debt service) must be legally recovered through fees or charges. Policy decision to recover cost.

💰 Under which of the following circumstances would cash basis accounting report higher?

Under which of the following circumstances would cash basis accounting report higher expenses than accrual basis accounting in the current accounting period? Explanation: Cash basis would report lower expenses since the expense was not paid.

💰 Is enterprise fund a government fund?

An enterprise fund is a self-supporting government fund that sells goods and services to the public for a fee.

10 other answers

A. When services are provided to other governmental units for a fee. B. When the activities are expected to make a profit to be used to fund other government programs. C. When debt is backed solely by fees and charges. D. None of the above; enterprise funds are optional.

23. In which of the following circumstances must an enterprise fund be used to account for the activity? a) A newly created electric utility fund will finance its operations by a charge to users based on kilowatt hours used. b) To finance the acquisition of plant facilities, a newly created electric utility

Under which of the following circumstances must an Enterprise Fund be used? a. when its activities are partially financed with advances from the general fund b. when its activities are financed with debt that is secured solely by the full faith and credit of the related primary government

Under which of the following circumstances must an Enterprise Fund be used? CHAPTER 7 A. when its activities are partially financed with advances from the general fund B. when its activities are financed with debt that is secured solely by the full faith and credit of the related primary government C. when its activities are financed with debt that ...

Under which of the following circumstances must an Enterprise Fund be used? asked May 13, 2016 in Business by Bio_Major a. when its activities are partially financed with advances from the general fund

Our community brings together students, educators, and subject enthusiasts in an online study community. With around-the-clock expert help and a community of over 250,000 knowledgeable members, you can find the help you need, whenever you need it.

GASB Statement 34 requires enterprise funds to be used under which of the following circumstances? When the legal requirement exists that the cost of providing services for an activity, including capital costs, be recovered through fees or charges.

According to GASB 34, Enterprise funds must be used when: Any of the above apply. According to GASB Statement 34, restricted net assets are those that are the result of constraints from: All of the above Activities that produce goods or services to be provided to other departments or other governmental units would be reported in which ...

GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists that . the cost of providing services for an activity, including capital costs, be recovered through fees or charges. B) When debt is backed solely by fees and charges.

According to GASB, enterprise funds must be used in which of the following circumstances? A) When debt is backed solely by fees and charges. The City of Thomasville had the following debt outstanding:

Your Answer

We've handpicked 22 related questions for you, similar to «Under which of the following circumstances must an enterprise fund be used?» so you can surely find the answer!

Which two requirements must accounting firms that audit public companies meet under the sarbanes-oxley act?
  • Prepare financial statements.
  • Analyze financial statements.
  • gather information.
  • Make decision.
  • implement decision.
How is a fund used in governmental accounting?
  • Governmental accounting. A fund is an accounting entity with a self-balancing set of accounts that is used to record financial resources and liabilities, as well as operating activities, and which is segregated in order to carry on certain activities or attain targeted objectives. A fund is not a separate legal entity.
What are the fund categories used by governments?

GOVERNMENTAL FUNDS

Four fund types are used to account for a government's “governmental- type” activities. These are the general fund, special revenue funds, debt service funds, and capital projects funds.

How are micro, small and medium enterprise ( msme ) loans used?
  • Micro, Small and Medium Enterprise (MSME) loan is the funding support offered by financial institutions to individuals, SMEs, MSMEs and Startup enterprises. MSME loan schemes are majorly used by business owners and enterprises to meet their working capital requirements, to enhance cash flow, for business expansion purposes, buying equipment and ...
Which is the first indian offshore fund?

London Stock Exchange today welcomes Kerala Infrastructure Investment Fund Board's (KIIFB) debut Masala bond, the first sub-sovereign entity in India to tap the offshore rupee international bond market.

Which accounting assumption assumes that an enterprise will continue?

Which accounting assumption assumes that an enterprise will continue in operation long enough to carry out its existing objectives and commitments? a.Monetary unit assumption b.Economic entity assumption

Which is the best definition of fund accounting?
  • Fund accounting. Fund accounting is a system of accounting used by non-profit entities to tracking the amount of cash assigned to different purposes and the usage of that cash.
Which type of mutual fund gives highest return?
  • Axis Bluechip Fund.
  • Mirae Asset Large Cap Fund.
  • Parag Parikh Long Term Equity Fund.
  • Kotak Standard Multicap Fund.
  • Axis Midcap Fund.
  • DSP Midcap Fund.
  • Axis Small Cap Fund.
  • SBI Small Cap Fund.
Which loan comes under priority sector?

Bank loans up to a limit of ₹ 50 million per borrower for building social infrastructure for activities namely schools, health care facilities, drinking water facilities and sanitation facilities (including loans for construction/ refurbishment of toilets and improvement in water facilities in the household) in Tier II ...

Which following assets is not fictitious asset?

These assets include a debit balance of profit and loss A/c and the expenditure not yet written off such as advertising expenses etc. Among the given options Discount on issues of shares and debentures is not the example of fictitious assets.

Which of the following describes accounting profits?

Which of the following scenarios correctly describes a non-profit organization? a.) Bernie is protected from liability for anything beyond his $5,000 investment. b.) Lonnie uses the profits of his organization to advance its mission. c.) Mike's shoe store does not sell stocks that are publicly traded. d.)

Which of the following is direct expenses?

c. Direct expenses. d. Indirect expenses. 15. The following is also known as overhead costs or on costs. a. Cost of direct labour. b. Cost of indirect labour.

Which of the following is productive loan?

A debt is called productive if the loan is financed for projects which bring revenue to the government; for example, irrigation and power projects.

Can a bonus issue be used to fund a dividend?
  • The proportions need to remain the same. Any Share Premium Account or Revaluation Reserve in the company’s balance sheet can be used to fund a bonus issue without reducing the company’s distributable reserves – which would not be the case with a dividend.
Which is the best offshore fund to invest in?
  • In relation to hedge funds (the archetypal offshore fund product) Cayman has a dominant market share. Figures for private equity funds, an investment product with similar liquidity constraints, are markedly different, with Delaware enjoying over half the market on either measure.
Which is the first step in fund flow statement?

The steps involved in preparing the statement are as follows: Determine the change (increase or decrease) in working capital. Determine the adjustments account to be made to net income. For each non-current account on the balance sheet, establish the increase or decrease in that account.

What payment must be used for student loans for fha?

With the publication of Handbook 4000.1, FHA required a Mortgagee to calculate the monthly payment for deferred student loans at 2 percent of the outstanding balance and include that payment amount in the Borrower's Debt-to-Income (DTI) ratio for qualification purposes.

What percentage of ppp loan must be used for payroll?

At least 60 percent of the PPP loan must be used to fund payroll and employee benefits costs.

Which financial statements must be reported for fiduciary funds?

An activity that meets the criteria will be reported in a fiduciary fund in the basic financial statements. Governments with activities that meet the criteria will present both a statement of fiduciary net position and a statement of changes in fiduciary net position.

Why a reconciliation of cost and financial accounts is necessary under what circumstances can a reconciliation statement are avoided?

ADVERTISEMENTS: Circumstances in which reconciliation can be avoided: The reconciliation of cost and financial books can be avoided if the maintenance of two sets of books to cost accounting and financial accounting is dispensed with.

Can a feeder fund be an offshore fund?
  • In regard to feeder funds operating in the United States, it is common for the master fund to be established as an offshore entity. This frees up the master fund to accept investment capital from both tax-exempt and U.S.-taxable investors.
Which of the following funds is used to account for the internal portion of investment pools?

Private-Purpose Trust Fund. Investment Trust Fund. A fund that is used to account for assets held by a government temporarily acting as agent for one or more other governments units or for individuals or private organizations is a (n): Multiple Choice Custodial fund. Investment Trust Fund. Private-Purpose Trust Fund.