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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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