Which of the Following Is Correct with Respect to Internal

Multiple Choice

Which of the following is correct with respect to Internal Service Funds?

A) Internal service funds use accrual accounting and the economic resource focus.
B) Net Assets (fund equity) are to be reported in two categories: assigned and unassigned.
C) Internal service funds account for long-term debt but not long-term fixed assets.
D) All of the above are false statements.