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Select all that apply Which of the following statements about the General Fund balance sheet are correct? The net position at the government - wide
Select all that apply
Which of the following statements about the General Fund balance sheet are correct?
The net position at the governmentwide level is not analogous to the stockholders' equity of an investorowned entity.
Fund balance is equal to the total assets minus the sum of total liabilities and deferred resources of the General Fund.
The General Fund unassigned fund balance equals the unrestricted net position in the governmentwide statement of net position.
The fund balances at the fund level are not analogous to the stockholders' equity of an investorowned entity.
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