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  3. Study Set
    Essentials of Accounting Study Set 2
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    Exam 8: Government-Wide Statements, capital Assets, long-Term Debt
  5. Question
    Few Adjustments to Internal Service Funds Are Necessary When Converting
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Few Adjustments to Internal Service Funds Are Necessary When Converting

Question 43

Question 43

True/False

Few adjustments to internal service funds are necessary when converting from proprietary funds statements to the government-wide statements as internal service funds are generally reported as business-type activities in the government-wide statements.
FALSE

Correct Answer:

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