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    Essentials of Accounting Study Set 3
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    Exam 3: Modified Accrual Accounting: Including the Role of Fund Balances and Budgetary Authority
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    Governments May Create Special Revenue Funds Whenever a Tax or Other
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Governments May Create Special Revenue Funds Whenever a Tax or Other

Question 79

Question 79

True/False

Governments may create special revenue funds whenever a tax or other revenue source is legislated to be used for a specific purpose, other than capital assets or debt service.

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