The Use of an Internal Service Fund Is Mandated by Generally

question 35

Multiple Choice

The use of an Internal Service Fund is mandated by generally accepted accounting principles for which of the following activities?

• A) Risk financing activities.
• B) Government motor pool.
• C) Centralized warehouse.
• D) GAAP does not require the use of an Internal Service Fund.

---

Definitions:

Dutch Colony

Territories around the world that were controlled by the Netherlands from the 16th to the 20th century, notable for their trade networks and colonial influence.

New Netherland

A 17th-century colonial province of the Dutch Republic that was located on the East Coast of North America, including parts of present-day New York, New Jersey, Delaware, and Connecticut.

Hudson River

A river in New York, known for its beauty and historical importance in commerce and art.

Franciscans

A religious order within the Catholic Church founded by St. Francis of Assisi in the 13th century, known for their commitment to poverty and living a simple lifestyle.