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The primary characteristic distinguishing the five governmental fund types from each other is: A. the department accounted for in the fund. B. the primary source(s)

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The primary characteristic distinguishing the five governmental fund types from each other is: A. the department accounted for in the fund. B. the primary source(s) of financial resources of the fund. C. the use(s) for which resources of the fund are intended. D. whether capital assets or long-term debt is accounted for in the fund. Surah Awars Five million dollars of general government bonds payable came due and were paid. This transaction will impact which of the following accounting entities? A. A fiduciary fund B. A governmental fund C. A proprietary fund D. An enterprise fund Submit Answer A government purchased a piece of equipment for a general government activity. The government paid $90,000 cash down, and signed a 5-year note for the balance of the cost of the equipment. This transaction will impact which of the following accounting entities? A. A fiduciary fund B. A proprietary fund C. An enterprise fund D. The GCA-GLTL accounts Submit Answers

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