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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 3: Governmental Operating Statement Accounts; Budgetary Accounting
  5. Question
    Any Balance in Encumbrances Outstanding That Remains at the End
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Any Balance in Encumbrances Outstanding That Remains at the End

Question 75

Question 75

True/False

Any balance in Encumbrances Outstanding that remains at the end of the fiscal year is reported as a line item under Fund Balances on the governmental funds balance sheet.

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