Multiple Choice
Which of the following would not be true regarding internal service funds?
A) Internal service funds use the current financial resources measurement focus and accrual basis of accounting.
B) Examples of internal service funds would include self-insurance funds, motor pool funds, and print shop funds.
C) In the basic financial statements, internal service funds are reported in the proprietary funds financial statements.
D) None of the above; all are true.
Correct Answer:
Verified
Correct Answer:
Verified
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