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Which of the following statements is true about Governmental Funds and costs? A.Costs are not recorded on the statement of activities B.There are no expenses,rather

Which of the following statements is true about Governmental Funds and costs?

A.Costs are not recorded on the statement of activities

B.There are no expenses,rather costs are expenditures

C.Governmental Funds do not accrue expenditures

D.Only appropriations are recorded

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