**PLEASE ANSWER CORRECTLY ASAP** EXPLAIN ANSWER CHOICE. IGNORE BUBBLE THIS IS MY GUESS

What is the correct journal entry for a Tax Custodial Fund to record tax levies on behalf of other governments? Multiple Choice Taxes Receivable for Other Governments Additions - Tax Collections for Other Governments Taxes Receivable Current Revenues Control Taxes Receivable - Current Due to Other Governments O Taxes Receivable Transfer Out When preparing financial statements, the internal portion of investment trusts would be reported under which fund? Multiple Choice Investment trust fund, Private-purpose trust fund. Permanent fund. The fund(s) providing the resources. Which of the following is true regarding fiduciary funds? Multiple Choice Fiduciary funds are not included in the government-wide financial statements. Fiduciary funds include custodial, pension (and other employee benefit) trust, private-purpose trust, and investment trust funds. Both of the choices are true. Neither of the choices is true