The difference between the amount paid for utility plant and the amount originally paid by the utility that first placed the plant into public service, less accumulated depreciation.

The difference between the fair market value of the utility plant and the amount paid for it, less accumulated depreciation.

The difference between the amount paid for the utility plant less its current replacement cost.

The difference between the amount paid for the utility plant less the fair market value of its tangible plant assets.

Electronic data processing.

Central purchasing, warehousing, and issuing of supplies.

Municipal golf course.

Risk management.

The difference between assets and liabilities of proprietary funds is called "fund balance".

Proprietary funds record long-term debt directly in the fund accounts.

Proprietary funds record capital assets directly in the fund accounts.

Proprietary funds present a statement of cash flows.

Cash.

Interfund Transfer In.

Interfund Transfer Out.

Estimated Revenues.

A credit to Customer Deposits.

A debit to Customer Deposits.

A debit to Sales of Water.

A credit to Sales of Water.

Depreciation expense.

Pumping expense.

Restricted Assets-Cash.

Utility Plant Acquisition Adjustments.

AFUDC may have either a debt component or an equity component.

The amount credited to AFUDC may exceed the amount of interest paid during the period on bonds issued for construction.

AFUDC may be credited for an imputed amount of interest on the utility's own funds used for construction.

AFUDC may include the total amount of borrowing during construction.

An enterprise fund.

An enterprise fund and disclosed in the notes to the financial statements.

An enterprise fund and the business-like activities accounts.

The governmental activities accounts.

As part of governmental activities.

As part of business-type activities.

Amounts allocated proportionately between governmental and business-type activities.

Usually as part of governmental activities, unless the internal service fund predominantly serves one or more enterprise funds.

What are the transactions or events of the period that have increased or decreased the resources available for spending in the near future?

Have current financial resources increased or decreased during the period?

Have cash balances increased or decreased as a result of transactions and events of the period?

What are the transactions or events of the period that have increased or decreased the fund's total economic resources?

Enterprise and internal service funds identified as major funds are shown in separate columns.

Capital contributions are shown after the nonoperating revenues/expenses section.

Any special items are to be included as operating income and expenses.

The statement must be divided into operating, nonoperating, and other revenues and expenses sections.

An internal service fund's primary revenue source is user charges.

An internal service fund is a proprietary fund.

An internal service fund's primary customers are departments of the same government.

An internal service fund's focus is on the economic flow of resources.

Statement of net position.

Statement of cash flows.

Statement of revenues, expenses, and changes in fund net position.

Statement of revenues, expenditures, and changes in fund balances.

Generally reported in the Governmental Activities column.

Generally reported in the Business-type Activities column.

At management's discretion is reported in the Governmental Activities or Business-type Activities column.

Generally reported in the Component Units column.

A city swimming pool.

The provision of water to city residents.

The provision of central purchasing and warehousing of the city's supplies.

A municipal golf course.

Expenditures.

Cash.

Billings to Departments.

Accumulated Depreciation—Machinery and Equipment.

Current asset on the statement of net position.

Operating revenue.

Interfund loan.

None of the statements are correct.

The GASB statement of cash flows has four categories of cash flows rather than three.

The GASB statement of cash flows reports Cash and Cash Equivalents, not just Cash.

The GASB statement of cash flows reports investments in the securities of other entities as cash flows from investing activities.

All of the statements are correct.

Those that management has designated for specific purposes or functions, such as future construction.

Those that are designed for a limited range of uses; for example, a special purpose vehicle designed for use of personnel of an electric utility in installing power line poles.

Those whose use is restricted by contractual agreements or legal requirements.

All of the statements are correct.

Revenues from Customer Deposits.

A restricted asset.

A liability payable from restricted assets or as a current liability.

Both A restricted asset and A liability payable from restricted assets or as a current liability are correct.

Original cost.

Historical cost.

Sunk cost.

Public cost.

AFUDC will always have a credit balance equal to the total amount of interest paid during the period on bonds payable.

AFUDC may represent either actual interest on debt issued for construction or an imputed interest on the utility's own equity capital used to finance construction.

AFUDC is reported as a contra-asset on the utility's balance sheet.

All of the statements are true.

Contributed capital and retained earnings.

Unreserved, reserved, and invested in capital assets.

Unrestricted, restricted, and invested in capital assets, net of related debt.

Net investment in capital assets; restricted; and unrestricted.

Investing activities.

Noncapital financing activities.

Capital and related financing activities.

Operating activities.

Operating activity

Noncapital financing activity.

Capital and related financing activity.

It would not be reported since it involved a transfer between two funds of the same government.

Cover at least the marginal costs of the goods or services.

Cover at least the variable costs of the goods or services.

Cover the full cost of providing the goods or services.

None of the statements are correct.

$18,750.

$168,750.

$225,000.

Since the units of production are not provided the amount cannot be determined.

A segment is an identifiable activity reported as or within an enterprise fund or an other stand-alone entity for which one or more revenue-backed debt securities are outstanding.

Segment reporting is not required for an activity that is reported as a major fund.

Full financial statements are required for each reportable segment.

Condensed financial statements are required for each reportable segment.

It would debit an expense account and credit Cash.

It would debit Interfund Transfer Out and credit Cash.

It would debit Building and credit Cash.

It would not record a transaction since the activity occurred between two funds of the same government.