1. What are the minimum requirements that need to be externally reported by a state or local...
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1. What are the minimum requirements that need to be externally reported by a state or local government per SGAS 34 (Statement of Governmental Accounting Standards)?
2. What type of accounting is used for government-wide financial statements as opposed to fund statements? What are the reconciliations required as a result of this?
3. Do you expect the fund balances after a reconciliation to be always larger than the full accrual net position balances? Explain why or why not.
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1 The minimum requirements that need to be reported are Financial statement that provides informatio... View the full answer
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