acct

Project Description:

the total fund balances presented in governmental funds statements are different from the total net assets on the government-wide statement of net assets. which of the following is not a reason for such a difference?

-the two statements have different bases of accounting.
-the capital assets used in government operations are not financial resources and therefore, are not reported in the funds.
-receivables in the fund statements are reported on the statement of net assets as deferred revenue.
-some liabilities are not due and payable in the current period and are not reported in fund liabilities.
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Price Type: Negotiable

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