Proprietary Funds Follow the Current Financial Resources Measurement Focus and Use

question 58

True/False

Proprietary funds follow the current financial resources measurement focus and use the accrual basis of accounting.

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Definitions:

Zenefits

A company that provides cloud-based software as a service to manage human resources, focusing on benefits and payroll.

Leadership Skills

Qualities and abilities essential for leading, motivating, and managing groups or organizations effectively.

Zenefits CEO

The chief executive officer of Zenefits, a company that provides cloud-based software as a service for human resources management, particularly focusing on health insurance coverage for employees.

Parker Conrad

An entrepreneur known for founding the American software as a service (SaaS) companies Zenefits and Rippling.