Senior executives cannot be criminally prosecuted for the wrong doings they commit on behalf of the companieswhere they work.
a. True
b. False
Indicate whether the statement is true or false
Question 2
Which of the following is the basic governmental fund accounting equation?
A. Assets Liabilities = Net Assets.
B. Financial Assets Related Liabilities = Fund Balance.
C. Financial Assets + Deferred Outflows Related Liabilities Deferred Inflows = Fund Balance.
D. Assets + Deferred Inflows Liabilities Deferred Outflows = Net Position
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