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    Accounting for Governmental
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    Exam 2: Principles of Accounting and Financial Reporting for State and Local Governments
  5. Question
    Which of the Following Is Not a Characteristic of a Fund
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Which of the Following Is Not a Characteristic of a Fund

Question 44

Question 44

Multiple Choice

Which of the following is not a characteristic of a fund as defined by GASB standards?


A) An accounting entity.
B) A fiscal entity.
C) A reporting entity.
D) A self-balancing set of accounts.

Correct Answer:

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