State which category of funds (governmental-type, proprietary type, or fiduciary type) would be used by a state government for each of the following purposes:

a. To construct a new highway
b. To pay salaries of personnel who maintain state parks
c. To accumulate resources to pay pension benefits for its employees
d. To collect sales taxes on behalf of local governments that impose such a tax
e. To operate a central printing department that prints forms and reports for all state departments

Respuesta :

Baraq

Answer:

1. Government type

2. Government type

3. Fiduciary type

4. Fiduciary type

5. Proprietary type

Explanation:

Given the following:

Government type of funds is a form of fund which is used to account for the daily services delivered by the government.

Fiduciary type of funds is a form of fund which is used to account for resources held by the government as a trustee on behalf of others.

Proprietary type of funds is a form of fund which is used to account for governmental activities that perform similarly to private sector enterprises such that they charge fees for services.

Hence, we have the following:

a. To construct a new highway - Government type

b. To pay salaries of personnel who maintain state parks - Government type

c. To accumulate resources to pay pension benefits for its employees - Fiduciary type

d. To collect sales taxes on behalf of local governments that impose such a tax - Fiduciary type

e. To operate a central printing department that prints forms and reports for all state departments - Proprietary type