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Sig City used the following funds for financial reporting purposes: General fund Internal service fund Airport enterprise fund Pension trust fund Capital projects fund Special
Sig City used the following funds for financial reporting purposes:
- General fund
- Internal service fund
- Airport enterprise fund
- Pension trust fund
- Capital projects fund
- Special revenue fund
- Debt service fund
How many of Sig's funds use the accrual basis of accounting? Which ones are they? Give a description of each of them.
A) 2
B) 3
C) 4
D) 5
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