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Which of the following is a FALSE statement? a. Loans Receivable is the largest asset recorded on the government-wide balance sheet. b. Net expenditures for

Which of the following is a FALSE statement? a. Loans Receivable is the largest asset recorded on the government-wide balance sheet. b. Net expenditures for social insurance programs represent the largest liability on the government-wide balance sheet. C. Federal debt held by the public on the governmentwide balance sheet does not equal the government's total debt. d. The vast majority of the federal government's land holdings are not reflected on a monetary basis on the governmentwide balance sheet

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