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Which of the following statements is correct about the reporting of governmental funds? a) Government-wide financial statements measure economic resources. b) Fund financial statements measure
Which of the following statements is correct about the reporting of governmental funds?
a) Government-wide financial statements measure economic resources.
b) Fund financial statements measure both economic resources and current financial resources.
c) Government-wide financial statements measure only current financial resources.
d) Fund financial statements measure economic resources.
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