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Which of the following statements is correct with respect to Fiduciary Funds?

Multiple Choice

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Fiduciary funds includes custodial funds that are used when resources are held by a government in a trustee capacity but no trust agreement is in place.

Fiduciary funds must be adjusted when preparing the government$-$wide statements.

Fiduciary funds use the current financial resources measurement focus and accrual accounting.

Fiduciary funds include Pension trust funds, Internal service funds, Private$-$purpose trust funds and Investment trust funds.