Multiple Select Question

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Which of the following statements about the reporting of assets and liabilities are correct?

The General Fund balance sheet reports only current financial resources and current liabilities to be paid from current financial resources.

The government$-$wide statement of net position reports only current and assets and liabilities.

The General Fund balance sheet reports both current and noncurrent assets and liabilities.

The government$-$wide statement of net position reports both current and noncurrent assets and liabilities.

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