Question: Question 11 2 pts When a governmental entity adopts a basis of accounting with a measurement focus that excludes long-lived assets and liabilities in

Question 11 2 pts When a governmental entity adopts a basis of accounting with a measurement focus that excludes long-lived assets and liabilities in its governmental fund types: O It is in violation of the law. O It is in violation of GAAP. O It has reported in accordance with GAAP for governmental fund financial statements. O It is in violation of globally adopted governmental standards set by IASB.

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