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There are five classifications of Fund Balances ? Discuss those five classifications and why would it be okay to state fund balances retroactively. Also how

There are five classifications of Fund Balances ? Discuss those five classifications and why would it be okay to state fund balances retroactively. Also how are these classifications expected to improve financial reporting?

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Fund balance is a terminology used to refer to the net position of government funds which are calculated in accordance with generally accepted accounting principles The classifications of the fund bal... blur-text-image

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