All of the following are true about proprietary funds EXCEPT:
A) They include Internal Service Funds and Enterprise Funds.
B) The economic resources focus is used.
C) They include the General Fund and Special Revenue Fund.
D) Accrual accounting is used as the basis of accounting.
Correct Answer:
Verified
Q89: Which of the following is not true
Q100: Which of the following is not true
Q101: Which of the following is false regarding
Q101: Which of the following would not
Q103: Internal Service Funds are be used:
A) When
Q103: This fund accounts for activities that produce
Q104: Which of the following statements is not
Q107: What statement is not required for proprietary
Q108: Which of the following is not true
Q109: Which financial statements are required for proprietary
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents