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

1) 65,000
2) 415,000
3) 1,250,000
4) 1,315,000

User Yotam
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1 Answer

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Final answer:

Without additional context on whether the numbers (65,000; 415,000; 1,250,000; 1,315,000) represent operating costs, revenues, or investment amounts, it is not possible to determine which should be accounted for in an enterprise fund. An enterprise fund accounts for operations similar to a private business, accounting for all forms of revenues and expenses including fee-for-service revenues and costs of factors of production.

Step-by-step explanation:

To determine which of the following values should be accounted for in an enterprise fund, it is important to understand what an enterprise fund is. An enterprise fund is used by a governmental unit to account for operations that are financed and operated in a manner similar to private business enterprises. They are intended to be self-supporting by charging users for services.

Given the lack of context in the numbers provided (65,000; 415,000; 1,250,000; 1,315,000), it is not possible to give a correct accounting without additional information on what these numbers represent. Are they potential operating costs, revenues, or investment amounts? Without this context, we cannot accurately determine which numbers should be accounted for in an enterprise fund.

In business accounting, including governmental accounting, one would typically look at all forms of revenues and expenses to determine what should be accounted for. This would include considering factors such as fee-for-service revenues, costs of factors of production like labour and capital, and financial capital movements that reflect the operational and capital financial transactions of the enterprise fund.

User Lakshganga
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