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Classification of Government Funds Funds used by state and local governments are classified as governmental, proprietary, or fiduciary, depending on their activities and objectives.

Classification of Government Funds

 

Funds used by state and local governments are classified as governmental, proprietary, or fiduciary, depending on their activities and objectives.

  • Analyze the main differences between governmental and fiduciary funds. Support your analysis with specific examples.
  • please include references.

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