Multiple Choice
A city government collects local option sales taxes legally restricted to pay for the hiring of teachers for hearing impaired school children. Which fund should account for the receipt of the sales taxes?
A) Special revenue fund
B) Capital projects fund
C) Private-purpose trust fund
D) General fund
Correct Answer:
Verified
Correct Answer:
Verified
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Q12: Which of the following funds is used
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Q102: The GASB Concept Statement on Service Efforts