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A major distinction between government-wide financial statements and governmental fund financial statements is that: a. Only government-wide financial statements report current assets. b. Only government-wide

A major distinction between government-wide financial statements and governmental fund financial statements is that: a. Only government-wide financial statements report current assets. b. Only government-wide financial statements report current liabilities. c. Only government-wide financial statements report cash payments for goods and services. d. Only government-wide financial statements report expenses. e. None of the above.

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