Question: The governmental fund balance sheet equation includes the following elements: O Financial assets, long-term liabilities, deferred outflows of resources, and fund balance. O Deferred

The governmental fund balance sheet equation includes the following elements: O Financial assets, long-term liabilities, deferred outflows of resources, and fund balance. O Deferred outflows of resources, deferred inflows of resources, intangible assets, and fund balance. O The governmental fund balance sheet equation includes the following elements: O Financial assets, capital assets, near-term liabilities, and long-term liabilities.

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