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Author Question: A contra-account is used with a related account to bring about an increase in the net amount of the ... (Read 26 times)

lak

  • Hero Member
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  • Posts: 546
on: Jul 5, 2018
A contra-account is used with a related account to bring about an increase in the net amount of the two account balances.
 a. True
   b. False
   Indicate whether the statement is true or false

Question 2

The Basic Financial Statements, as defined for governments, do not include which of the following components?
 
  a. government-wide financial statements
  b. governmental fund financial statements
  c. fiduciary fund financial statements
  d. combining financial statements


amandanbreshears

  • Sr. Member
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  • Posts: 320
Reply #1 on: Jul 5, 2018
Answer to Question 1

False

Answer to Question 2

d


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