Internal service funds account for operating expenditures on the accrual basis.
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Q1: Premiums or discounts on bonds payable issued
Q3: A motor pool is a common example
Q5: If a business-type activity is subsidized by
Q6: The liability for utility revenue bonds should
Q7: Internal service funds are intended to operate
Q11: Public utilities owned and operated by governments
Q13: For proprietary funds, governments generally present a
Q15: A statement of cash flows is prepared
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Q17: Internal service funds utilize encumbrance accounting.
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