Author Question: Taking a physical count of the merchandise is optional under a periodic inventory system. a. True ... (Read 130 times)

kodithompson · **on:** Jul 6, 2018

Taking a physical count of the merchandise is optional under a periodic inventory system.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following does not require an activity that provides services for a user fee to be reported in an Enterprise Fund?

a. Net revenues are pledged as the sole security for debt issued to finance the activity
b. Laws or regulations require the activity to recover its costs, including capital costs
c. Pricing policies require the activity to recover its costs, including capital costs
d. The main source of revenue for the activity is charges to external users