Internal Service funds are treated as governmental activities in the government-wide statements if the principal customers are other departments within the General Fund.
Correct Answer:
Verified
Q35: General fixed assets of the government are
Q36: Long-term debt associated with governmental activities i.e.
Q37: Measurement focus refers to those items, such
Q38: The Financial Accounting Standards Board has authority
Q39: FASAB, GASB and FASB standards are set
Q41: Depreciation on capital assets is included as
Q42: The GASB and the FASB are parallel
Q43: The term "proprietary funds" applies to:
A) all
Q44: According to GASB standards relating to Budgetary
Q45: According to FASB standards relating to Budgetary
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