In the government-wide statements,enterprise funds are a(n)______ activity,whereas Internal Service funds are typically a(n)______activity.

Question

Quizplus · Accepted Answer

Enterprise funds are business-type activities because they provide goods or services primarily to external customers on a user-fee basis. On the other hand, Internal Service funds are typically governmental activities because they provide goods or services primarily to other departments or agencies within the same government entity.

In the Government-Wide Statements,enterprise Funds Are A(n)______ Activity,whereas Internal Service