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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 7: Accounting for the Business-type Activities of State and Local Governments
  5. Question
    Revenues of Internal Service Funds Should Be Recognized Only When
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Revenues of Internal Service Funds Should Be Recognized Only When

Question 46

Question 46

True/False

Revenues of internal service funds should be recognized only when they are expected to be available in time to pay current liabilities of the fund.

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