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    Essentials of Accounting Study Set 3
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    Exam 2: Overview of Financial Reporting for State and Local Governments
  5. Question
    With Respect to Fund Basis Financial Statements, a Government May
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With Respect to Fund Basis Financial Statements, a Government May

Question 42

Question 42

True/False

With respect to fund basis financial statements, a government may designate any fund to be a major fund if reporting that fund separately would be useful.

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