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Which of the following financial statements are prepared using the flow of economic resources measurement focus and accrual basis of accounting? I. Government-wide II. Governmental
Which of the following financial statements are prepared using the flow of economic
resources measurement focus and accrual basis of accounting?
I. Government-wide
II. Governmental funds
III. Proprietary funds
IV. Fiduciary funds
A. I, III, and IV only.
B. I, II, and IV only.
C. I, II, and III only.
D. I and III only.
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