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1. Which of the following funds would be reported as a fiduciary fund in Lancaster Citys financial statements? A. Special Revenues Fund. B. Permanent Fund.
1. Which of the following funds would be reported as a fiduciary fund in Lancaster Citys financial statements?
A. Special Revenues Fund.
B. Permanent Fund.
C. Private-purpose Trust Fund.
D. Internal Services Fund
2. Which of the following funds of a governmental unit uses the modified accrual basis of accounting?
A. Internal services fund.
B. Enterprise funds.
C. Special revenues funds.
D. Non-expendable trust funds.
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