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  2. Topic
    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 3: Governmental Operating Statement Accounts; Budgetary Accounting
  5. Question
    The Numerical Difference Between (1) Current Assets and Deferred Outflows
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The Numerical Difference Between (1) Current Assets and Deferred Outflows

Question 7

Question 7

True/False

The numerical difference between (1) current assets and deferred outflows and (2) current liabilities and deferred inflows recorded in governmental funds is denoted as net position.

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