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    Essentials of Accounting Study Set 3
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    Exam 2: Overview of Financial Reporting for State and Local Governments
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    Fiduciary Fund Statements Are Prepared Using the Current Financial Resources
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Fiduciary Fund Statements Are Prepared Using the Current Financial Resources

Question 71

Question 71

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Fiduciary fund statements are prepared using the current financial resources measurement focus and modified accrual basis of accounting.

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