Annual budgetary comparison statements for A Governmental Units General Fund are shown in Illustrations. (a) Why do
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(a) Why do the reported variances differ between these two statements?
(b) Why does the GASB require governments to include both original and revised budget data in a budgetary comparison statement?
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a The variances in the two budgetary comparison statements are different because the basis of accoun...View the full answer
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Related Book For
Governmental and Nonprofit Accounting
ISBN: 978-0132751261
10th edition
Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi
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