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  2. Topic
    Business
  3. Study Set
    Accounting for Government and Nonprofit Organizations
  4. Exam
    Exam 9: Reporting Principles and Preparation of Fund Financial Statements
  5. Question
    The Amounts Reported for Assets and Liabilities in the Total
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The Amounts Reported for Assets and Liabilities in the Total

Question 1

Question 1

True/False

The amounts reported for assets and liabilities in the total column for the combining balance sheet for nonmajor governmental funds are also reported in the other governmental funds column of the governmental funds balance sheet.

Correct Answer:

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