1. Give examples of permanent fund. What characteristics classify them as permanent funds? 2. Give examples...

1. Give examples of permanent fund. What characteristics classify them as permanent funds?

2. Give examples of state CAFR that report permanent funds. What categories do the states report as permanent funds?

3. What is the difference between an enterprise fund and a permanent fund?

4. Give examples of special assessments. Why are they considered special assessments?

5. Give examples of state CAFR that report enterprise funds and internal service funds. What categories do the states report as enterprise funds and internal service funds?

6. The proprietary fund account statement of cash flows is different than the statement of cash flows required for business organizations. What are the main differences?

Expert Solution

ekkarill92 answered 1 year ago

A-Explain the differences between an enterprise fund and a permanent fund. B-Give two examples of special...

A-Explain the differences between an enterprise fund and a permanent fund. B-Give two examples of special assessments. Why are they considered special assessments? C-Give an example of a state CAFR that reports enterprise funds and internal service funds. What categories do the states report as enterprise funds and as internal service funds? D-The proprietary fund account statement of cash flows is different than the statement of cash flows required for business organizations. What are the main differences? E-Explain how real...

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CT3: Please answer the following: 1) What is the difference between Permanent Funds and Private Purpose...

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