Question

Which of the following should be accounted for in an enterprise fund?Light poles to be paid for in installments by affected property owners $ 350,000Van used to transport supplies to all city departments on a cost reimbursement basis 65,000Equipment used for supplying electric power to residents 1,250,000

A. $ 65,000.B. $ 415,000.C. $1,250,000.D. $1,315,000.

Answer 1

correct option is C. $1,250,000

Step-by-step explanation:

given data

Light poles = $350,000

cost reimbursement = $65,000

electric power to residents = 1,250,000

to find out

which statement accounted for in an enterprise fund

solution

statement accounted for in an enterprise fund is here

particular amount

Equipment used for supplying $1250000

electric power to residents

enterprise fund $1250000

so correct option is C. $1,250,000