The Governmental Accounting Standards Board requires governments to include budgetary comparison schedules or statements for which of the following funds?
a. All governmental funds
b. All funds
c. General fund, major special revenue funds, and major capital projects funds
d. General Fund and major special revenue funds
e. none of the above
Question 2
Accumulated Depreciation and Depreciation Expense are classified, respectively, as
a. expense, contra asset
b. asset, contra liability
c. revenue, asset
d. contra asset, expense
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Accounting