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chris3487
chris3487
01.11.2019 • 
Business

Which is true regarding the basis of accounting for fiduciary funds? a. agency funds are accounted for using the same basis of accounting and measurement focus as governmental funds, trust funds are accounted for using the same basis of accounting and measurement focus as proprietary funds. b. trust funds are accounted for using the same basis of accounting and measurement focus as governmental funds, and agency funds are accounted for using the same basis of accounting and measurement focus as proprietary funds. c. all four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as proprietary funds. d. all four fiduciary fund types are accounted for using the same basis of accounting and measurement focus as governmental funds.

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