If an Internal Service Fund is not recovering its costs, then the operation is being conducted less efficiently than if the fund did not exist.
Correct Answer:
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Q84: Permanent Funds can account for both temporary
Q85: Endowment contributions received that are accounted for
Q86: Endowment contributions received that are accounted for
Q87: Permanent Funds usually do not have capital
Q88: Permanent Funds use the modified accrual basis
Q90: Depreciating capital assets accounted for in Internal
Q91: Internal Service Funds usually do not have
Q92: It is appropriate to use the account
Q93: The formation of an Internal Service Fund
Q94: The discontinuance of an Internal Service Fund
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