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Which of the following is true regarding the governmental fund financial statements?The governmental fund fnancial statements include the Balance Sheet and the Statement of Revenues,
Which of the following is true regarding the governmental fund financial statements?The governmental fund fnancial statements include the Balance Sheet and the Statement of Revenues, Expenditures,and Changes in Fund Balances.Both of the choices are true.Neither of the choices is true.The governmental fund financial statements are prepared using the current fnancial resources measurement focus and the modifed accrual basis of accounting.
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