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Author Question: The Governmental Accounting Standards Board requires governments to include budgetary comparison ... (Read 94 times)

BrownTown3

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on: Jul 5, 2018
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


johnharpe

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

d

Answer to Question 2

d


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