Question
Accumulation of money to be used to pay the principal on general obligation bonds is reported in a: Group of answer choices Special revenue fund.
Accumulation of money to be used to pay the principal on general obligation bonds is reported in a:
Group of answer choices
Special revenue fund.
Custodial fund.
Permanent fund.
Debt service fund.
A purchase of equipment would be reported as an expenditure in which of the following funds?
Group of answer choices
Special revenue fund
Enterprise fund
Internal service fund
Investment trust fund
A municipal government decides to construct and operate a public swimming pool. It will charge user fees to recover its costs, but will allow senior citizens and children under the age of three to enter at half-price. What type of fund should it use for this purpose?
Group of answer choices
Special Revenue Fund
Enterprise Fund
Custodial Fund
Private Purpose Fund
Which of the following are fiduciary type funds?
Group of answer choices
Which of the following are fiduciary type funds?
Investment Trust Fund, Special Revenue Fund, and Internal Service Fund
Custodial Fund, Internal Service Fund, and Pension Trust Fund
Pension Trust Fund, Investment Trust Fund, and Custodial Fund
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