Question: The main argument for proprietary funds being reported on the accrual basis is: A. Just like a for-profit business a proprietary fund has to properly
The main argument for proprietary funds being reported on the accrual basis is:
A. Just like a for-profit business a proprietary fund has to properly match revenues with
expenses.
B. Financial reporting should provide information that current revenues were sufficient
to cover expenses.
C. Assisting users of the financial statements that all accomplishments are being met.
D. All of the above.
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