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    Advanced Accounting Study Set 3
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    Exam 19: An Introduction to Accounting for State and Local Governmental Units
  5. Question
    Proprietary Funds Report Revenues and Expenses Using a Modified-Accrual Basis
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Proprietary Funds Report Revenues and Expenses Using a Modified-Accrual Basis

Question 19

Question 19

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Proprietary funds report revenues and expenses using a modified-accrual basis of accounting.

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