QUESTION 13 2 points This fund accounts for activities that produce goods or ser

Question

QUESTION 13 2 points This fund accounts for activities that produce goods or services to be provided to other departments or other governmental units. O A Internal Service fund. O B. Debt Service fund. O C Special Revenue fund. OD, Enterprise fund. QUESTION 14 Which of the following is NOT long-term debt that would be reported in the government-wide statements? 0 A·Landfill closure and postclosure care O B. Pollution remediation costs O C. The pension contribution due to a state sponsored pension plan for the current year O D.Pension liabilities 2 points Save Ans Save a Save All Answers Click Save and Submit to save and submit. Click Save All Answers to save all answers.

Explanation / Answer

Q13) Ans. A

This is known as internal service fund, since the service is provided from one department to other department within the government units.

Q14) Ans. C

Such contribution is for current year. Therefore, the related debt is not a long-term purpose.

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