Which of the Following Is Not True with Respect to Special

question 90

Multiple Choice

Which of the following is not true with respect to Special revenue funds?

• A) Resources appropriately reported within proprietary or fiduciary funds are excluded from special revenue funds.
• B) Special revenue funds may not be used for debt service or capital projects.
• C) A special revenue funds would be used to account for taxes which are required by state law to be used by the government to support specific activities.
• D) Special revenue funds may be used for any designated purpose to segregate revenues and ensure compliance with restrictions.

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