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7-1 7-2 7-6 7-7 Q'H. Q74. Q7-3. Q74. (17-5. 07-6. QM. (17-8. (179. What is the causeand-eect relationship between the revenues and the expenses of

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Q'H. Q74. Q7-3. Q74. (17-5. 07-6. QM. (17-8. (179. What is the causeand-eect relationship between the revenues and the expenses of a proprietary fund? How does the net position section of a balance sheet of a proprietarytype fund differ from the fund balance section of a govermnentaltype fund? Why is depreciation recorded as an govemmemal-lype funds? What is a flexible Budget\"? expense in proprietary funds, but not as an expenditure in How does a cash flows statement presented for a proprietary fund differ from one presented for a company? Whari should an Internal Service Fund be used? What is the difference between an Enterprise Fund and an internal Service Fund? What are revenue bonds? How do they differ from general obligation bonds? Does the accounting guidance issue (1 by FASB apply to proprietary funds? Explain

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