The Basis of Accounting That Should Be Used in Preparing

question 24

Multiple Choice

The basis of accounting that should be used in preparing fund financial statements is: $$\begin{array} { | l | l | l | } \hline \text { Cuvernuental funds } & \text { Proprietary funds } & \text { Fiduciary funds } \\\hline \text { A) Modified accrual } & \text { Accrual } & \text { Modified accrual } \\\hline \text { B) Modified accrual } & \text { Modified accrual } & \text { Modified accrual } \\\hline \text { C) Modified accrual } & \text { Accrual } & \text { Accrial } \\\hline \text { D) Accrual } & \text { Accrual } & \text { Accrual } \\\hline\end{array}$$

• A) Choice A
• B) Choice B
• C) Choice C
• D) Choice D

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Definitions:

Predation

The action of preying on other organisms for food.

Guppies

Small, colorful, freshwater fish commonly found in tropical aquarium settings and known for their prolific breeding habits.

Killifish

Small, often colorfully marked fish found living in fresh or brackish waters.

Cichlids

A diverse family of freshwater fish known for their vibrant colors and complex behaviors, often found in tropical regions.