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    Accounting for Governmental Study Set 2
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    Exam 2: Principles of Accounting and Financial Reporting for State and Local Governments
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    According to GASB Standards Transfers Should Be Recognized
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According to GASB Standards Transfers Should Be Recognized

Question 33

Question 33

Multiple Choice

According to GASB standards transfers should be recognized


A) When earned.
B) When collected in cash.
C) When authorized by the budget ordinance.
D) In the period the interfund receivable and payable arise.

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