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For Each of the Following Expenditure Items, Indicate Its Correct

Question 24

Essay

For each of the following expenditure items, indicate its correct classification scheme suggested by GASB standards.
A. Function
B. Program
C. Organization unit
D. Activity
E. Character
F. Object
________ 1. Streetlight repair
________ 2. City clerk
________ 3. Salaries and wages
________ 4. Transportation
________ 5. Current operating expenditures

Correct Answer:

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1. D
2. ...

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