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Business, 20.12.2019 23:31 Aianyxx

Major adjustments required when converting from fund financial statements to government-wide financial statements include which of the following?

a. eliminating construction expenditures in governmental funds and recording them as capital assets
b. eliminating proceeds of bonds sold and recording the liabilities incurred
c. making adjustments for expense accruals
d. all of the above are true
e. only a and b are true

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