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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    Rainy Day Funds Are Classified as Committed If They Are
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Rainy Day Funds Are Classified as Committed If They Are

Question 55

Question 55

True/False

Rainy day funds are classified as committed if they are created by a resolution or ordinance that identifies the specific circumstances under which the resources may be expended.

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