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Which of the following statements are correct in relation to reporting requirements for a non- business entity? Organizations using fund accounting are required to report

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Which of the following statements are correct in relation to reporting requirements for a non- business entity? Organizations using fund accounting are required to report on the entity as a whole Organizations that choose to report on the entity as a whole are not permitted to use fund accounting Organizations using fund accounting are not required to report on the entity as a whole Organizations that use fund accounting have the option of reporting either on the funds or on the organization as a whole

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