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An enterprise fund must be used when I. An activity provides goods to other governments on a cost-reimbursement basis. II. The costs of an activity

An enterprise fund must be used when

I. An activity provides goods to other governments on a cost-reimbursement basis.

II. The costs of an activity are legally required to be recovered from user charges.

III. The pricing policies of an activity set fees and charges to recover costs.

A. II and III.
B. I and II.
C. I and III.
D. I only.

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