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true or false 1- Expenditures can be categorized in many ways, including by activity. 2- Permanent...

true or false

1- Expenditures can be categorized in many ways, including by activity.

2- Permanent funds principal is restricted along with their income earned.

3- With agency funds, assets equal liabilities.

4- A government agency can have multiple general funds.

5- Government wide statements use accrual accounting.

6- There are 4 sections of the CAFR.

7- A fund is a self balancing set of accounts.

8- The MD& A Section of the CAFR includes variance analysis.

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