Multiple Choice
Which of the following is false with respect to Special revenue funds?
A) Resources appropriately reported within proprietary or fiduciary funds are excluded from special revenue funds.
B) A special revenue funds would be used to account for taxes which are required by state law to be used by the government to support specific activities.
C) Special revenue funds may be used for any designated purpose to segregate revenues and ensure compliance with restrictions.
D) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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