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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    Which of the Following Is the Appropriate Measurement Focus for Custodial
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Which of the Following Is the Appropriate Measurement Focus for Custodial

Question 10

Question 10

Multiple Choice

Which of the following is the appropriate measurement focus for custodial funds?


A) Economic resources.
B) Current financial resources.
C) Cash and cash equivalents.
D) Accrual basis.

Correct Answer:

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