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    Essentials of Accounting Study Set 2
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    Exam 1: Introduction to Accounting and Financial Reporting for Governmental and Not-For-Profit Organizations
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    The Term "Proprietary Funds" Applies To
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The Term "Proprietary Funds" Applies To

Question 32

Question 32

Multiple Choice

The term "proprietary funds" applies to:


A) enterprise funds only.
B) all funds that use accrual accounting.
C) enterprise, internal service, and private-purpose trust funds.
D) none of the above answers are correct.

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