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kompoz [17]
3 years ago
14

6. GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists th

at 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. C) When a government has a policy to establish fees and charges to cover the cost of providing services for an activity. D) All of the
Business
1 answer:
zhenek [66]3 years ago
7 0

Answer:

The correct option is D,all of the above

Explanation:

GASB is a short  form for Generally Accounting Standards Board, a not-for- profit making accounting standard board in the United States whose objective is to issue generally accounting principles for states and local governments' use

Enterprise fund as the name denotes, is a special fund set aside for trading in essential goods and services which are sold to the general public at a fee(most times subsidized).

According the provisions of GASB,the special fund kept as enterprise fund can be put to any of the three uses highlighted in options A-C,hence option D is the best fit.

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Overton, Inc. had the following transactions in 2017, its first year of operations: • Issued 15,000 shares of common stock. Stoc
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Answer:

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Explanation:

given data

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What is th law cravity
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In general, it's better to have a low inventory turnover ratio than a high one, as a low ratio indicates that the firm has an ad
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