A Reconciliation from Proprietary Funds Statements to Government-Wide Statements Is

question 41

Multiple Choice

A reconciliation from Proprietary funds statements to government-wide statements is not necessary because …

• A) They both use the same measurement focus and basis of accounting (economic resources, accrual).
• B) They both use the same measurement focus and basis of accounting (current financial resources, modified accrual)
• C) They use a different measurement focus and basis of accounting.
• D) They use a different measurement focus and basis of accounting

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Baptist

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