Question: What is the GASBs rationale for requiring two sets of financial statements, each with a different measurement focus and basis of accounting for governmental activities?

What is the GASB’s rationale for requiring two sets of financial statements, each with a different measurement focus and basis of accounting for governmental activities?

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What is the rationale of the GASB for requiring two sets of financial statements, each with a different measurement focus and basis of accounting for governmental activities?

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