Is a governments nonspendable fund balance in the General Fund affected by whether inventory is reported using

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Is a government’s nonspendable fund balance in the General Fund affected by whether inventory is reported using the purchases method or the consumption method? By whether it used a periodic or perpetual inventory system? Explain.

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Governmental and Nonprofit Accounting

ISBN: 978-0132751261

10th edition

Authors: Robert Freeman, Craig Shoulders, Gregory Allison, Robert Smi

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Question Posted: Oct 25, 2014 04:54 AM

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Is a governments nonspendable fund balance in the General Fund affected by whether inventory is reported using

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Any inventory on hand at the end of the fiscal year would be reported as part nonspendable fund bal...View the full answer

Governmental and Nonprofit Accounting

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