when is appropriate to use a fund other that the General Fund?

a.When generally accepted accounting principles (GAAP) require the use of some other fund.

b.When sound financial administration supports the use of some other fund.

c.When the use of some other fund is legally required.

d.All of the above

The operating statement of a proprietary fund (the statement of revenues, expenses, and changes in fund net assets) is helpful in assessing whether:

a.Liabilities of the fund increased or decreased during the period.

b.Fund net assets increased or decreased during the period

c.Current financial resources increased or decreased during the period

d. Cash balances of the fund increased or decreased during the period.