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1. Under the modified accrual system, which of the following is NOT correct regarding the general fund of a governmental unit? a. Budgetary accounting is

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1. Under the modified accrual system, which of the following is NOT correct regarding the general fund of a governmental unit? a. Budgetary accounting is emphasized to control spending. 'b. Encumbrance accounting is used to record purchase orders, c. Activity empathized flow of current financial resources. d. A Statement of cash flows is prepared as a part of the fund-based financial statements

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