Assignment 4.docx - Assignment#4 Chapter#7 Q7-1 What is the cause-andeffect relationship between the revenues and the expenses of a proprietary fund

Assignment 4.docx - Assignment#4 Chapter#7 Q7-1 What is the...

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Assignment # 4 Chapter # 7 Q7-1. What is the cause-and-effect relationship between the revenues and the expenses of a proprietary fund?Q7-2. How does the net position section of a balance sheet of a proprietary-type fund differ from the fund balance section of a governmental-type fund?Q7-3. Why is depreciation recorded as an expense in proprietary funds, but not as an expenditure in governmental-type funds?Q7-4. What is a flexible budget?
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Q7-5. How does a cash flows statement presented for a proprietary fund differ from one presented for a company?Q7-6. When should an Internal Service Fund be used?Q7-7. What is the difference between an Enterprise Fund and an Internal Service Fund?Q7-8. What are revenue bonds? How do they differ from general obligation bonds?Q7-9. Does the accounting guidance issued by FASB apply to proprietary funds? ExplainQ7-1. What is the cause-and-effect relationship between the revenues and the expenses of a proprietary fund?
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Q7-2. How does the net position section of a balance sheet of a proprietary-type fund differ from the fund balance section of a governmental-type fund? Q7-3. Why is depreciation recorded as an expense in proprietary funds, but not asan expenditure in governmental-type funds? Q7-4. What is a flexible budget?
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  • Spring '14
  • LauraFrancis-Gladney
  • Accounting, Revenue, Cash balance plan, Internal Service Fund, An Enterprise Fund, governmental-type fund

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