Short Answer Questions 121.Why might it be desirable for an enterprise fund to operate at a profit? 122.Under GASB Statement 34, enterprise funds must be used under which circumstances? ...

Short Answer Questions

121.Why might it be desirable for an enterprise fund to operate at a profit?

122.Under GASB Statement 34, enterprise funds must be used under which circumstances?

123.Describe the differences in cash flow statements required by GASB standards when compared with cash flow statements required by FASB standards.

124.Describe the accounting required by the GASB for municipal solid waste landfill closure and post closure care costs. (It is not necessary to describe footnote disclosures).