Multiple Choice
Which of the following are best described as proprietary funds?
I. Pension funds
II. Enterprise funds
III. Internal Service funds
A) I only.
B) II and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.
C) I and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.
D) I, II, and RECORDING AND REPORTING TRANSACTIONS OF INTERNAL SERVICE FUNDS.
Correct Answer:
Verified
Correct Answer:
Verified
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