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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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    Only Items Specifically Identified in GASB Standards May Be Reported
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Only Items Specifically Identified in GASB Standards May Be Reported

Question 9

Question 9

True/False

Only items specifically identified in GASB standards may be reported as deferred inflows or deferred outflows.

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