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The dual nature of government: o B. addresses the fact that some governments have elected governing bodies, and others have A. appointed governing bodies. is
The dual nature of government: o B. addresses the fact that some governments have elected governing bodies, and others have A. appointed governing bodies. is manifested in the use of different accounting models for some types of government activities than for other types of government activities, C. refers to the fact that many governments are engaged in both proprietary-type activities and business-type activities. refers to the fact that some governments are special purpose governments with limited D. responsibilities, and others are general purpose governments with broader scopes of responsibilities. Submit Answers A primary government should report the general fund of each of its: A. blended component units as a primary government special revenue fund. O B. blended component units as part of the general fund of the primary government. o C. discretely presented component units as a primary government special revenue fund. D. discretely presented component units in a separate column from the data for the other fund types of those entities. Submit Answers The City Civic Center Commission (a city agency) charges a fee for use of the civic center. The fees are not intended to cover the predominant portion of the cost of operating the civic center and are not pledged to service any related debt. The civic center: A. Is not permitted to be accounted for in an enterprise fund. B. is permitted to be accounted for either in an enterprise fund or as a general government activity o c. must be accounted for in an enterprise fund. D. must be accounted for in an internal service fund. Summit Answers
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