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Author Question: Which of the following account captions are you least likely to see on a governmental funds balance ... (Read 80 times)

Mr. Wonderful

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on: Jul 5, 2018
Which of the following account captions are you least likely to see on a governmental funds balance sheet?
 
  a. Due from other governments
  b. Property, plant and equipment
  c. Advance deposits
  d. Due to other funds

Question 2

The cash basis of accounting and the accrual basis of accounting result in the same measures of net income.
 a. True
   b. False
   Indicate whether the statement is true or false


yuyiding

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Reply #1 on: Jul 5, 2018
Answer to Question 1

b

Answer to Question 2

False


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