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  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 2: Overview of Financial Reporting for State and Local Governments
  5. Question
    Governmental Fund Statements Are Prepared Using the Current Financial Resources
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Governmental Fund Statements Are Prepared Using the Current Financial Resources

Question 52

Question 52

True/False

Governmental fund statements are prepared using the current financial resources measurement focus and modified accrual basis of accounting.

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