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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
  5. Question
    Deferred Outflows of Resources Have a Credit Balances and Represent
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Deferred Outflows of Resources Have a Credit Balances and Represent

Question 68

Question 68

True/False

Deferred Outflows of Resources have a credit balances and represent valuation accounts i.e. contra-assets of the reporting organization.

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