Which of the Following Would not Be True Regarding

question 51

Multiple Choice

Which of the following would not be true regarding internal service funds?

• A) Internal service funds use the economic resources measurement focus and accrual basis of accounting.
• B) Examples of internal service funds would include self-insurance funds, motor pool funds, and print shop funds.
• C) In the government-wide financial statements, internal service funds are most commonly reported in the business-type activities column.
• D) None of the above; all are true.

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Definitions:

African American

A term commonly used in the United States to refer to black Americans with ancestry tied to Africa.

Native American

Refers to the indigenous peoples and cultures of the United States, including their history, traditions, and present-day communities.

Immigrant Families

Families that have relocated from their country of origin to another country, often facing unique social, economic, and cultural challenges.