Multiple Choice
In the government-wide statement of net position, interfund receivables and payables
A) Should not be reported.
B) Should only be reported for balances payable between governmental activities and business-type activities.
C) Can be reported in either the governmental activities or business-type activities columns.
D) Should be eliminated in the governmental activities column but not the business-type activities column.
Correct Answer:

Verified
Correct Answer:
Verified
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