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Flashcards: Special Purpose Frameworks
A city government is currently preparing fund-based financial statements. What guides the timing of recognition for the transactions to be reported?
Accrual accounting for the governmental funds and modified accrual accounting for the proprietary funds
Modified accrual accounting for the governmental funds and accrual accounting for the proprietary funds
Accrual accounting
Modified accrual accounting
All CPA Financial Accounting and Reporting (FAR) Resources
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