10 Nov Activities where a county holds resources as an ag
Activities where a county holds resources as an agent for entities or individuals outside the county, such as sales taxes collected for the state, are categorized as:ABusiness activitiesBProprietary activitiesCGovernmental activitiesDFiduciary activitiesThe GAAP hierarchy in state and local government accounting identifies sources of authoritative guidance for:APreparation of financial statementsBProviding information required by creditors of the governmental unitCProviding information required by supervisory levels of governmentDPreparation of a legal budgetActivities involving the primary services of a county government, such as health and safety, are categorized as:AGovernmental activitiesBFiduciary activitiesCBusiness activitiesDProprietary activities
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