Which of the following should be accounted for in an enterprise fund?

A. Light poles to be paid for in installments by affected property owners $ 350,000

B. Van used to transport supplies to all city departments on a cost reimbursement basis 65,000

C. Equipment used for supplying electric power to residents 1,250,000

Question

Alivia Petty

Business

4 August, 07:53

Which of the following should be accounted for in an enterprise fund?

A. Light poles to be paid for in installments by affected property owners $ 350,000

B. Van used to transport supplies to all city departments on a cost reimbursement basis 65,000

C. Equipment used for supplying electric power to residents 1,250,000

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Answers (2)

Know the Answer?

Rowan · Answer 1

C). Equipment used for supplying electric power to residents 1,250,000

Nathanial Patel · Answer 2

C. Equipment used for supplying electric power to residents 1,250,000.

Explanation: An Enterprise fund is a fund raiser and used by Government in order to intervene in certain circumstances where the Citizens lack or have inadequate basic needs or infrastructures, through Enterprise funds Governments Provide services to its citizens for a given fee in order to sustain and ensure the continuity of the service rendered. Enterprise funds can be utilized by both the local, state or federal Government.