Question: 14. When local law involves that local governments organize general fund and special revenue fund budgets on a basis that differs from the basis
14. When local law involves that local governments organize general fund and special revenue fund budgets on a basis that differs from the basis of accounting required by generally accepted accounting principles (GAAP), so what is the proper statement from below statements: (2 Points) A) Long-term liability, B) Reservation of unassigned fund balance C) Budgetary account. D) 8 and C. E) None of the Above.
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