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Which of the following is incorrect? A government can be considered to be a user of the general purpose financial reports because: a. it is
Which of the following is incorrect? A government can be considered to be a user of the general purpose financial reports because:
a.
it is the basis for the calculation of taxes owed to the government.
b.
it can determine whether certain regulations have been complied with.
c.
to assess the entity so that it can provide the entity with grants that will benefit society.
d.
to gain a better understanding of the entity's activities.
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