Multiple Choice
Revenues that are legally restricted for expenditure on specified operating purposes should be accounted for in special revenue funds, including
A) Endowment where the investment earnings are to be used for public purposes.
B) Pension trust fund revenues.
C) Accumulation of resources for payment of general long-term debt principal and interest.
D) Gasoline taxes to finance road repairs.
Correct Answer:
Verified
Correct Answer:
Verified
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