Which of the Following Is True Regarding the Use of Special

question 105

Multiple Choice

Which of the following is true regarding the use of Special Revenue Funds?

• A) Special Revenue Funds may be used whenever a government wishes to segregate income for specific purposes.
• B) Special Revenue Funds are appropriate if the sole source of resources are assigned funds
• C) Once a Special Revenue Fund is established, it will continue to be a Special Revenue Fund until all resources are exhausted.
• D) Special Revenue Funds may only be used when a substantial portion of the resources are provided by restricted or committed revenue sources.

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