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Which Measurement Focus and Basis of Accounting Should an Internal Measurement Focus \underline{\text{Measurement Focus }}

Question 14

Multiple Choice

Which measurement focus and basis of accounting should an Internal Service Fund use?
Measurement Focus \underline{\text{Measurement Focus }}         Basis of Accounting \underline{\text{ Basis of Accounting }}


A) Economic resources           Modified accrual
B) Current financial resources     Modified accrual
C) Economic resources           Accrual
D) Current financial resources      Accrual

Correct Answer:

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