Proprietary Funds Utilize What Basis of Accounting

question 31

Multiple Choice

Proprietary funds utilize what basis of accounting?

• A) Modified accrual.
• B) Accrual.
• C) Cash.
• D) Budgetary.

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Definitions:

Spontaneously

Occurring without apparent external cause or intervention, often used to describe natural phenomena or processes.

Organisms Adapt

The process by which living things change over time in response to their environment to improve their chances of survival.

George Lyell

This appears to be a mistaken reference. If it intends to refer to Charles Lyell, he was a British lawyer and the foremost geologist of his day, best known for his contributions to the principles of geology and the concept of deep time.

Thomas Malthus

An English economist and demographer known for his theory that population growth will always tend to outrun the food supply and lead to societal collapse.