Which of the Following Fund Types Uses the Current Financial

question 52

Multiple Choice

Which of the following fund types uses the current financial resources measurement focus and modified accrual basis of accounting?

• A) Enterprise fund.
• B) Special revenue fund.
• C) Investment trust fund.
• D) Pension trust fund.

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Definitions:

Economy

The system of production, distribution, and consumption of goods and services within a particular geographic region.

Excise or Sales Taxes

Taxes imposed on the sale of specific goods and services, often included in the price paid by the consumer.

Tax Revenue

The revenue obtained by governments from taxes.

Economic Factors

Variables such as inflation, interest rates, economic growth, and unemployment that influence the performance of an economy.