Which of the following is nottrue regarding proprietary funds?
A) Enterprise funds are used by governments to account for services provided to the general public on a user-charge basis.
B) General obligation bonds that will be paid from enterprise revenues must be reflected in the accounts of enterprise funds.
C) Internal service self-insurance should set fees based on anticipated charges or a long-range plan to break even over time.
D) The operation of internal service funds has no impact on other funds because it is run as a business and provides services that would have been purchased elsewhere by the other funds.
Correct Answer:
Verified
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