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.

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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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.

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