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Which of the following are proprietary funds?

a.Enterprise, investment trust, pension trust, and GF
b.Enterprise and internal service
c.Internal service, special revenue, and enterprise
d.proprietary funds are not used in gov't accounting

User Errorname
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1 Answer

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Final answer:

Proprietary funds in government accounting include enterprise funds and internal service funds.

Step-by-step explanation:

Proprietary funds are used in government accounting to account for business-type activities. These activities are primarily financed by user charges, such as fees and charges for services. The proprietary funds consist of two types: enterprise funds and internal service funds.

Enterprise funds: These funds are used to account for activities that provide goods or services to the general public for a fee. Examples include water utilities, airports, and parking garages.

Internal service funds: These funds are used to account for activities that provide goods or services to other departments within the government entity on a cost-reimbursement basis. Examples include centralized printing services, fleet management, and information technology services.

User Zolomon
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