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Author Question: In the government-wide statement of net position, interfund receivables and payables A. Should ... (Read 47 times)

segrsyd

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on: Jul 6, 2018
In the government-wide statement of net position, interfund receivables and payables
 
  A. Should not be reported.
  B. Should only be reported for balances payable between governmental activities and business-type activities.
  C. Can be reported in either the governmental activities or business-type activities columns.
  D. Should be eliminated in the governmental activities column but not the business-type activities column.

Question 2

The Financial Accounting Standards Board (FASB) is the authoritative body that has primary responsibility fordeveloping accounting principles.
 a. True
  b. False
 
   Indicate whether the statement is true or false


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pallen55

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Reply #1 on: Jul 6, 2018
Answer to Question 1

B

Answer to Question 2

True


segrsyd

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Reply 2 on: Jul 6, 2018
Excellent

jomama

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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