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Why would a general fund have a portion of the fund

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Reference no: EM132927205

Question 1: What does it mean when there is a relative tax burden?

Question 2: What characteristics of expenditures distinguish them from expenses in the financial accounting sense?

Question 3: Why are special items sometimes referred to as one-shot revenues? How are special items reported in government financial statements?

Question 4: Why would a general fund have a portion of its fund balance reserved? How is this portion different from other money in the fund?

Reference no: EM132927205

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