3. GASB Statement No. 34, Basic Financial Statements . . . for State and Local Governments, identified:

Question:

3. GASB Statement No. 34, “Basic Financial Statements . . . for State and Local Governments,”

identified:

a. Eleven types of funds.

b. Seven types of funds and two account groups.

c. Two types of funds and seven account groups.

d. Eight types of funds and two account groups.

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