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    Essentials of Accounting Study Set 3
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    Exam 14: Financial Reporting by the Federal Government
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    The Statement of Operations and Changes in Net Position for the Consolidated
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The Statement of Operations and Changes in Net Position for the Consolidated

Question 77

Question 77

True/False

The Statement of Operations and Changes in Net Position for the consolidated report of the federal government is prepared on the modified accrual basis of accounting.

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