Multiple Choice
If a government decides to account for its risk management activities in a single fund, it must use:
A) An Internal Service Fund.
B) A Fiduciary Fund
C) A Special Revenue Fund.
D) Either the General Fund or an Internal Service fund.
Correct Answer:

Verified
Correct Answer:
Verified
Q8: Unlike enterprise funds, it is frequently desirable
Q9: The categories of Net Position for a
Q10: Proprietary funds must prepare the Statement of
Q11: The city is using an internal service
Q12: Fund-basis financial statements prepared for proprietary funds
Q14: Budgetary comparison schedules are not required for
Q15: Long term liabilities of an enterprise fund
Q16: Internal Service funds are reported in the
Q17: Enterprise funds are reported in the fund-basis
Q18: When estimating uncollectible accounts, an enterprise fund