Please select one statement that does not show proper functions and/or roles of the fund used by a government. 1. 2. 3. 4. 5. Special revenue fund accounts sources that are legally constrained by the government to b used only for a particular purpose. Pension trust fund accounts for money set aside for the retirement benefits of government employees. Proprietary funds are used for the basic activities of government like police protection. Capital project funds are governmental funds, which accounts for the construction and rehabilitation of long- lived assets like roads and bridges. General fund accounts for all governmental activities not accounted for in another fund.
Please select one statement that does not show proper functions and/or roles of the fund used by a government. 1. 2. 3. 4. 5. Special revenue fund accounts sources that are legally constrained by the government to b used only for a particular purpose. Pension trust fund accounts for money set aside for the retirement benefits of government employees. Proprietary funds are used for the basic activities of government like police protection. Capital project funds are governmental funds, which accounts for the construction and rehabilitation of long- lived assets like roads and bridges. General fund accounts for all governmental activities not accounted for in another fund.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Please all options information and correct answer
Transcribed Image Text:Please select one statement that does not show
proper functions and/or roles of the fund used by
a government.
1.
2.
3.
4.
5.
Special revenue fund accounts sources
that are legally constrained by the
government to b used only for a
particular purpose.
Pension trust fund accounts for money
set aside for the retirement benefits of
government employees.
Proprietary funds are used for the basic
activities of government like police
protection.
Capital project funds are governmental
funds, which accounts for the
construction and rehabilitation of long-
lived assets like roads and bridges.
General fund accounts for all
governmental activities not accounted
for in another fund.
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