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    Essentials of Accounting Study Set 3
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    Exam 4: Accounting for the General and Special Revenue Funds
  5. Question
    Interfund Transactions Are of Particular Interest to Financial Statement Preparers
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Interfund Transactions Are of Particular Interest to Financial Statement Preparers

Question 79

Question 79

True/False

Interfund transactions are of particular interest to financial statement preparers and users since failure to properly report these transactions will result in two funds being misstated.

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