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Name four of the most common adjustments

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Question -

a. Describe the similarities and differences between component units and special purpose governments.

b. Name four of the most common adjustments that are necessary to convert from fund financial statements to government-wide financial statements.

c. What are the 11 different funds used in governmental accounting? Please list them within the appropriate fund categories.

d. A concerned citizen provides resources to establish a new fund by the local government. What factors should be considered in determining in which fund to report the related activities?

Reference no: EM133154037

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