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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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    Because Proprietary Funds Use a Different Basis of Accounting Than
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Because Proprietary Funds Use a Different Basis of Accounting Than

Question 58

Question 58

True/False

Because proprietary funds use a different basis of accounting than the government-wide statements, there must be a reconciliation between the two sets of statements.

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