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    Accounting for Governmental Study Set 1
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    Exam 7: Accounting for the Business-Type Activities of State and Local Governments
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    A Statement of Revenues,expenses,and Changes in Net Position for an Internal
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A Statement of Revenues,expenses,and Changes in Net Position for an Internal

Question 29

Question 29

True/False

A statement of revenues,expenses,and changes in net position for an internal service fund is similar in many respects to an income statement prepared for an investor-owned business.

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