Multiple Choice
Which of the following is true regarding the use of Special Revenue Funds?
A) Special Revenue Funds may be used whenever a government wishes to segregate income for specific purposes.
B) Special Revenue Funds are appropriate if the sole source of resources are assigned funds
C) Special Revenue Funds may only be used when a substantial portion of the resources are provided by restricted or committed revenue sources.
D) Once a Special Revenue Fund is established, it will continue to be a Special Revenue Fund until all resources are exhausted.
Correct Answer:
Verified
Correct Answer:
Verified
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