Multiple Choice
Which basis of accounting is used when presenting governmental and proprietary funds in fund-level financial statements?
A) governmental - modified accrual;proprietary - modified accrual
B) governmental - accrual;proprietary - accrual
C) governmental - modified accrual;proprietary - accrual
D) governmental - accrual;proprietary - modified accrual
Correct Answer:
Verified
Correct Answer:
Verified
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