Multiple Choice
Which of the following is true regarding internal service funds?
A) Internal service funds provide services primarily to external users on a user charge basis.
B) Internal service funds normally record the annual budget in the accounts.
C) Internal service funds' capital assets are not accounted for in the accounts.
D) Internal service funds use accrual accounting and the economic resources measurement focus.
Correct Answer:
Verified
Correct Answer:
Verified
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