161. Which of the following funds of a governmental unit uses the modified accrual basis of...
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161. Which of the following funds of a governmental unit uses the modified accrual basis of accounting? a. Enterprise funds. b. Internal service funds. c. Nonexpendable trust funds. d. Special revenue funds. 162. In Year 4, a state government collected income taxes of $8,000,000 for the benefit of one of its cities that imposes an income tax on its residents. The state remitted these collections periodically to the city. The state should account for the $8,000,000 in the a. General fund. b. Agency funds. c. Internal service funds. d. Special assessment funds. 163. Which of the following funds of a governmental unit uses the same basis of accounting as an enter- prise fund? a. Special revenue. b. Expendable trust. c. Capital projects. d. Internal service. 161. Which of the following funds of a governmental unit uses the modified accrual basis of accounting? a. Enterprise funds. b. Internal service funds. c. Nonexpendable trust funds. d. Special revenue funds. 162. In Year 4, a state government collected income taxes of $8,000,000 for the benefit of one of its cities that imposes an income tax on its residents. The state remitted these collections periodically to the city. The state should account for the $8,000,000 in the a. General fund. b. Agency funds. c. Internal service funds. d. Special assessment funds. 163. Which of the following funds of a governmental unit uses the same basis of accounting as an enter- prise fund? a. Special revenue. b. Expendable trust. c. Capital projects. d. Internal service.
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