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T/F 1. If an entity adopts a full accrual basis of accounting, its measurement focus will automatically be on cash. 2. The objective of a
T/F
1. If an entity adopts a full accrual basis of accounting, its measurement focus will automatically be on cash.
2. The objective of a typical government or not-for-profit entity includes goals that are difficult to quantify
3.Income taxes are classified as ad valorem taxes.
4. Most infrastructure assets are the responsibility of the federal government, not state and local governments.
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