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Corporate verses governmental, what differentiates the reporting process? Multiple Choice In corporate enterprises the measurement focus is on the flow of current financial resources, whereas
Corporate verses governmental, what differentiates the reporting process? Multiple Choice In corporate enterprises the measurement focus is on the flow of current financial resources, whereas the focus for government funds is on all economic resources. Both corporate enterprises and governmental entities use the accrual or cash basis of accounting to record and report transactions. Both corporate enterprises and governmental entities have an objective to measure profitability. O In corporate enterprises the measurement focus is on the flow of all economic resources of the firm, whereas the focus for governmental funds is on current financial resources
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