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Which of the following is folse with respect to Special revenue funds? Multiple Choice A special revenue fund is used to account for taxes which

Which of the following is folse with respect to Special revenue funds?

Multiple Choice

A special revenue fund is used to account for taxes which are required by law to be used by the government to support specific activities, other than debt service or capital projects.

Special revenue funds may be used for any designated purpose to segregate revenues and ensure compliance with restrictions.

Resources appropriately reported within proprietary or fiduciary funds are excluded from special revenue funds.

None of the choices is correct.

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