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    Essentials of Accounting Study Set 2
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
  5. Question
    Fund Balance Indicates the Legal Claim of Voters on the Net
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Fund Balance Indicates the Legal Claim of Voters on the Net

Question 72

Question 72

True/False

Fund balance indicates the legal claim of voters on the net assets of a proprietary fund.

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