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Although proprietary funds are often comparted to for profit organizations, there are several differences between financial reporting for proprietary funds for profit organizations. Identify and

Although proprietary funds are often comparted to for profit organizations, there are several differences
between financial reporting for proprietary funds for profit organizations. Identify and discuss at least
one difference between each of the proprietary fund financial statements and its corporate
counterpart. Which statement do you believe is the closest to the corporate counterpart?

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