For each of the following descriptive phrases, indicate the type of fund from the list. a. governmental funds b. proprietary funds c. fiduciary funds 1. includes permanent funds held in trust to be used for public purposes 2. sometimes referred to as self-supporting or business-like funds 3. any fund held by a government in a custodial or trustee relationship for an external party 4. used when the government collects taxes or amounts to be invested for external parties 5. enterprise and internal service funds
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For each of the following descriptive phrases, indicate the type of fund from the list. a. governmen...
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