A state enacts a gasoline tax that is restricted for new highway construction. Which fund should be used to account for the proceeds from the tax?

A. Debt Service Fund.
B. General Fund.
C. Capital Projects Fund.
D. General Long-Term Liabilities Fund.

C

Business

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Indicate whether the statement is true or false a. True b. False

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Which term refers to compensation under a licensing agreement?

A) sales commission B) fixed amount C) sales percentage D) royalty

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