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Governmental Fund-Basis Statements Are Prepared Using The________, and Must Be

Question 134

Multiple Choice

Governmental fund-basis statements are prepared using the________, and must be converted to the ________ to be incorporated in the government-wide statements.


A) Accrual basis, modified accrual basis.
B) Accrual basis, tax basis.
C) Cash basis, accrual basis.
D) Modified accrual basis, accrual basis.

Correct Answer:

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