A statement of cash flows is prepared for enterprise funds but not for internal service funds.
Correct Answer:
Verified
Q10: Equipment acquired under a lease for use
Q11: Public utilities owned and operated by governments
Q12: An employee pension fund is a common
Q13: For proprietary funds, governments generally present a
Q14: Revenues of internal service funds should be
Q16: The net position of an internal service
Q17: Internal service funds utilize encumbrance accounting.
Q18: Internal service funds should not account for
Q19: Proprietary funds follow the current financial resources
Q20: A statement of revenues, expenses, and changes
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