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Which of the following is the most correct statement about areas where accounting for governments and accounting for corporations is either different, or similar? Government

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Which of the following is the most correct statement about areas where accounting for governments and accounting for corporations is either different, or similar? Government financial statements are shorter, and have less disclosure, than corporate financial statements Government financial statements include statements that are by individual funds, while corporate financial statements are usually consolidated Both government accounting and corporate accounting always use the full accrual method of accounting Due to a variety of different needs, governments produce three different sets of financial statements each period, using three different measurement focuses

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