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GFOA Exam CPFO Topic 7 Question 72 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 72
Topic #: 7
[All CPFO Questions]

Enterprise funds and internal service funds are the two types of ______________.

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Suggested Answer: A

Contribute your Thoughts:

Tamesha
1 months ago
I feel like the answer should be something more exciting, like 'Magical Funds' or 'Unicorn Funds'. But alas, B) Proprietary Funds is the boring-yet-correct response.
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Stefan
2 months ago
B) Proprietary Funds, easy peasy. Now, if only the rest of the exam was this straightforward...
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Quinn
4 days ago
Yeah, I agree. Capital project funds can be confusing too.
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Karol
6 days ago
Debt Service Funds are a bit trickier to understand.
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Malcolm
8 days ago
I wish the rest of the exam was as easy as this question.
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Celestine
10 days ago
I know right, proprietary funds are pretty straightforward.
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Suzi
16 days ago
Yeah, I'm glad we got this question right. Let's keep it up for the rest of the exam.
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Hyun
19 days ago
Debt Service Funds and Proprietary Funds are the two types of funds mentioned.
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Ernie
1 months ago
I wish the rest of the exam was as easy as this question.
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Nikita
1 months ago
I know right, proprietary funds are pretty straightforward.
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Billye
2 months ago
Hmm, I was torn between B) Proprietary Funds and C) Permanent Funds, but B) is the right choice. Gotta love those tricky governmental accounting questions!
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Ettie
2 months ago
I was a bit unsure, but B) Proprietary Funds is the correct answer. It's an important distinction to remember for the exam.
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Antione
1 months ago
Yes, that's correct. It's important to differentiate between the two types for the exam.
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Nathan
1 months ago
I think it's B) Proprietary Funds too.
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Leila
2 months ago
Definitely B) Proprietary Funds. Internal service funds and enterprise funds are the two main types of proprietary funds in governmental accounting.
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Leah
2 months ago
Actually, enterprise funds and internal service funds are considered Proprietary Funds because they are used to account for activities that operate like businesses.
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Romana
2 months ago
I think it's Debt Service Funds.
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Leah
2 months ago
Enterprise funds and internal service funds are the two types of Proprietary Funds.
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