__________ are used to report resources that are legally restricted so that only the earnings generated by the principal, and not principal itself.Select one:a.None of the choicesb.Enterprise Fundsc.Debt Service Fundsd.Proprietary-Type Funds
Question
__________ are used to report resources that are legally restricted so that only the earnings generated by the principal, and not principal itself.Select one:a.None of the choicesb.Enterprise Fundsc.Debt Service Fundsd.Proprietary-Type Funds
Solution
The correct answer is b. Enterprise Funds. These are used to report resources that are legally restricted so that only the earnings generated by the principal, and not principal itself.
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