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Question(s) / Instruction(s):

42. (True or false - Enterprise Fund items)

State whether these statements are true or false. Discuss why the false statements are false. a. Enterprise Funds may receive subsidies from the General Fund for operating purposes. b. Enterprise Funds provide services primarily to governmental departments and agencies. c. Enterprise Funds use a different basis of accounting than Internal Service Funds. d. Enterprise Funds are financed primarily through user charges. e. As a general rule, Internal Service Funds sell goods and services to governmental agencies, and Enterprise Funds sell goods and services to the general public. This means an Enterprise Fund cannot sell some goods and services to the government itself.

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