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1. The GAAP hierarchy in state and local government accounting identifies sources of authoritative guidance for: A. Preparation of a legal budget B. Providing information

1. The GAAP hierarchy in state and local government accounting identifies sources of authoritative guidance for:

A. Preparation of a legal budget

B. Providing information required by supervisory levels of government

C. Preparation of financial statements

D. Providing information required by creditors of the governmental unit

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