For Fund Financial Statements, the Measurement Focus and Basis of Accounting

question 52

Multiple Choice

For fund financial statements, the measurement focus and basis of accounting used by governmental fund types are

• A) current financial resources and modified accrual accounting.
• B) economic resources and modified accrual accounting.
• C) current financial resources and full accrual accounting.
• D) economic resources and full accrual accounting.

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Definitions:

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A pioneering German psychiatrist who made significant contributions to the classification of mental illnesses in the late 19th and early 20th centuries.

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