A city's museum is supported by a special tax levy and by user charges. The user charges constitute only 10 percent of the resources needed to support the operations of the museum. In which fund should the city account for its museum?
A. An expendable trust fund
B. An enterprise fund
C. An agency fund
D. A special revenue fund
Answer: D
You might also like to view...
Which of the following statements is false regarding absorption costing?
A) Variable overhead is treated as a product cost. B) Absorption costing is required for external financial statements prepared in accordance with generally accepted accounting principles (GAAP). C) Fixed manufacturing overhead is treated as a product cost. D) Fixed manufacturing overhead is expensed in the period incurred.
Dexter, a supervisor at Rensil Inc., emphasizes how to do things in a way that results in better quality. In the context of types of quality control, Dexter is inclined toward ________.
A. process control B. product conformance C. turnover D. benchmarking
Which of the following is true regarding safety and health inspections?
a. inspection sites are always chosen at random b. OSHA has the authority to enter and inspect all workplaces, regardless of employer objections c. in about half of the states, inspections are conducted by state agencies rather than by OSHA d. all of the above e. none of the above
In the traditional method of managing projects, total company involvement requires commitment from CEO to team members.
Answer the following statement true (T) or false (F)