Proprietary funds use the economic resources measurement focus and modified accrual basis of accounting.
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Q22: Fund-basis financial statements prepared for proprietary funds
Q23: Proprietary funds do not record capital assets,
Q24: Investment pools are an example of an
Q25: The Balance Sheet and the Statement of
Q26: FASB requires that the reconciliation of income
Q28: Capital assets constructed by an internal service
Q29: GASB requires that the reconciliation of income
Q30: Post-closure costs are recorded in a solid
Q31: The Proprietary Fund Statement of Revenues, Expenses,
Q32: The four categories on the Statement of
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