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According to Governmental Accounting Standard Board (GASB), governmental funds need to prepare ________________ financial statements. a. Balance Sheet and Statement of Revenue, Expenses and Changes

According to Governmental Accounting Standard Board (GASB), governmental funds need to prepare ________________ financial statements.

a.

Balance Sheet and Statement of Revenue, Expenses and Changes in fund balance

b.

All of the options

c.

Balance Sheet

d.

Income statement OR Profit and Loss statement

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