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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Principles of Accounting and Financial Reporting for State and Local Governments
  5. Question
    Governmental Funds Account for Assets but Not the Liabilities
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Governmental Funds Account for Assets but Not the Liabilities

Question 29

Question 29

True/False

Governmental funds account for assets but not the liabilities.

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