Which of the following is an accurate description of major fund reporting concepts? a. Fiduciary funds must
Question:
Which of the following is an accurate description of major fund reporting concepts?
a. Fiduciary funds must be reported by fund type.
b. Proprietary funds are subject to major fund reporting.
c. Permanent funds are not subject to major fund reporting.
d. Governmental, proprietary, and fiduciary funds are reported by major funds.
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The correct answer is d Governmental proprietary and fiduciary funds are reported by major funds Exp...View the full answer
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Related Book For 
Governmental And Nonprofit Accounting Theory And Practice
ISBN: 9780132552721
9th Edition
Authors: Robert J Freeman, Craig D Shoulders, Gregory S Allison, Terry K Patton, Robert Smith,
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