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For a Government, What Kinds of Operations Are Accounted for Using

question 4

Essay

For a government, what kinds of operations are accounted for using a proprietary fund? Give three examples.


Definitions:

Financial Statements

Formal records of the financial activities and position of a business, person, or other entity, typically including balance sheet, income statement, and cash flow statement.

Social Audits

A process by which an organization accounts for its social performance to its stakeholders, focusing on the impact of its activities on the community, environment, and society.

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