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Which of the following is the appropriate basis of accounting for a fiduciary fund?

Revenues of internal service funds should be recognized only when they are expected to be available in time to pay current liabilities of the fund (modified accrual basis).

At the government-wide level, where are fiduciary funds reported?

Under GASB standards, only proprietary funds prepare a statement of cash flows.

Which of the following would not be included within the financial section of the comprehensive annual financial report (CAFR)?

Other postemployment benefits may include which of the following?

An Olympic medalist swimmer who grew up in the city contributed $750,000 to the city requiring that the money be invested and that the earnings from the investments be used for maintenance of the swimming complex. The $750,000 would most appropriately be recorded in a(an):

It is common for a government that collects taxes on behalf of other governments to be authorized to withhold a certain percentage from the collections for each government.

The Central City Golf Course, an enterprise fund, purchased a new stove for use in the course’s snack shop. The debit for the entry to record the purchase of this piece of equipment should be to:

For a fiduciary fund relationship to exist the administering government cannot benefit from the assets of the fund.