A primary distinction between the flow of resources through a business enterprise and through a governmental entity is that operations in a governmental entity consume resources and assets toa.produce goods and services to citizens entitled to receive themb.generate return on investment.c.generate net income.d.generate capital for future investments.

The answer for the multiple choice question and relevant explanation are presented hereunder : What…

Answered: A primary distinction between the flow…

A primary distinction between the flow of resources through a business enterprise and through a governmental entity is that operations in a governmental entity consume resources and assets to

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 1MC: A donated fixed asset (from a governmental unit) for which the fair value has been determined should...

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Question

A primary distinction between the flow of resources through a business enterprise and through a governmental entity is that operations in a governmental entity consume resources and assets to

a.	produce goods and services to citizens entitled to receive them
b.	generate return on investment.
c.	generate net income.
d.	generate capital for future investments.

Formula Formula ROI (%) = Net Income Principal Amount × 100

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