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1 (4 points) Purposes of government financial reporting include all of the following with the exception of: a) Evaluating efficiency and effectiveness b) Determining the

1 (4 points) Purposes of government financial reporting include all of the following with the exception of: a) Evaluating efficiency and effectiveness b) Determining the overall profitability of the government entity c) Comparing actual results with the budget d) Determining compliance with laws and regulations Question 2 (4 points)

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