Which of the Following Would Not Be True Regarding Internal

question 52

Multiple Choice

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

• A) Internal service funds use the financial 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 basic financial statements, internal service funds are reported in the proprietary funds financial statements.
• D) None of the above; all are true.

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