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(1) Accounting and financial reporting standards for state and local governments are set by ___________. (2) What are the three fund types (categories) used by

(1) Accounting and financial reporting standards for state and local governments are set by ___________. (2) What are the three fund types (categories) used by state and local governments? (3) The ________ fund is a Governmental fund that accounts for most of the basic services by the government. (4) These are a type of Governmental Fund that is used to report resources that are legally restricted so that only earnings, not principal, may be used to support the governments programs. (5) This type of fund is used when resources are provided mainly through business-like transactions to parties external to the government. (6) Governmental Funds use which basis of accounting? (7) Government-wide Financial Statements have two basic financial statements. They are the Statement of Net Assets and the ___________. (8) What Measurement Focus do the government-wide financial statements use? (9) ______ are taxes and other assessments levied without an underlying external exchange. (10) There are three categories of Funds that contain ____ fund types.

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