Distinguish between special and extraordinary

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Question 1: Define and distinguish between "special" and "extraordinary" items. Include the appropriate financial statement for reporting each for a governmental fund, including where these items would be presented on that financial statement.

Question 2: Define fund as the term is used in governmental accounting. List the three categories of funds used in governmental accounting, and describe the types of activities accounted for in each category.

Reference no: EM132633594

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