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If Asset = Liabilities + Owners equity for a business entity, then the accounting equation for a governmental fund is ______________. a. Assets = Liabilities

If Asset = Liabilities + Owners equity for a business entity, then the accounting equation for a governmental fund is ______________.

a.

Assets = Liabilities + Owners capital

b.

Assets = Liabilities + Net equity

c.

None of the options

d.

Assets = Liabilities + Net assets

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