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Question 30 (1 point) In pricing its' goods and services, the goal of an internal service fund is to: maximize the fund's profits Oprice them
Question 30 (1 point) In pricing its' goods and services, the goal of an internal service fund is to: maximize the fund's profits Oprice them at a level that is competitive with similar goods and services in the marketplace O price them at a level that ensures they recover the full cost of the goods and services O price them at a level that ensures they recover the full cost of the goods and services and provides for anticipated capital maintenance or expansion needs Question 39 (1 point) A downtown entertainment district desires additional police patrols and agrees to pay for the service through a special assessment property tax Which fund should be used to account for the special assessment tax proceeds? Debt service fund General fund Capital projects fund Custodial fund Question 40 (1 point) The type of performance audit that ensures a program is acquiring, protecting, and using resources in the most productive manner is known as O an economy and efficiency audit an effectiveness audit O a responsibility audit O a program audit Question 47 (1 point) FASB requires that voluntary health & welfare organizations prepare which of the following reports in addition to their regular financial statements? Program-Specific Audit Report Statement of Functional Expenses Service Efforts and Accomplishments Report Performance and Accountability Report
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